February 6, 1993 |
Bank of America, looking to cut costs after last year's merger with Security Pacific Corp., has begun slashing the hours and eliminating the benefits of some full-time tellers. The action reflects a trend among big employers away from full-time employment, as companies crunched by the recession and heightened competition seek to save money at every turn.
CALIFORNIA | LOCAL
November 27, 1993 |
Thick wads of green bills fly between Dorothy Andrews' hands in a back room of Guaranty Bank. She opens each envelope in a pack of bank deposits from McDonald's, flips the bills into piles of ones, fives, 10s and 20s, then jots down the total of each stack. Then she adds them--in her head. "I don't use adding machines more than I have to," Andrews explains. "To tell you the truth I wish it was like the old days. I don't like all these computers and fancy machines."
CALIFORNIA | LOCAL
July 31, 1989
A new study of foreign investments in the United States is reassuring at a time when both Congress and some state legislatures are considering establishment of new barriers to discourage the flow of foreign money into the United States. The study lends support to President Bush's welcome commitment to resist the barriers and encourage a free flow of investments in the world.
March 1, 1997 |
Providing more luster to California's bright economic picture, revised figures released Friday show employers in the state added a whopping 379,300 jobs last year, 57,000 more than previously estimated. Although Los Angeles County continued to lag, the state's employment growth last year was the most since 1988.
May 13, 2000 |
California posted its biggest jobs gain in more than two years last month, pushing unemployment back down to 4.8% and reducing joblessness in the Latino work force to another record low. State officials reported Friday that California added 64,400 jobs in April. It was the latest demonstration of how the labor market here is catching up with tight-labor conditions in the rest of the country.