Standard Federal Bank announces (500) layoffs

[UpInArms]

http://www.mlive.com/newsflash/business/index.ssf?/base/business-4/1105484947144821.xml&storylist=mibusiness

TROY, Mich. (AP) — The parent company of Standard Federal Bank announced Tuesday that it would lay off hundreds of people in Michigan and elsewhere.

The changes are expected to affect 500 jobs at Troy-based Standard Federal and Chicago-based LaSalle Bank, although about half of those people likely will be offered new jobs, said Shawn Platt, a spokesman for LaSalle Bank Corp.

Platt could not say how many of the layoffs would take place in Michigan.

<snip>

The company has 18,000 employees in North America, primarily in Chicago and Michigan. There are 273 Standard Federal branches in Michigan and Indiana, and 140 LaSalle branches in Chicago and the suburbs.

...more at link...

[llmart]

1. Look at that Bush job machine go.........

and go and go and go (the way of the dinosaur).

But hey, we can't worry about that. We have some fatcat donors to reward at the upcoming coronation.

[mhr]

2. Seems The Bush Jobs Machine Is Picking Up Steam

Pretting soon, all of Bush minions will be (un)employed!

[CornField]

3. Wonder what the new jobs will be?

Janitors? Bean counters?

Whatever they are, I'll bet $20 that they pay at least 25% less than the other jobs.