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
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.
October 7, 1998 |
Washington Mutual Inc., the nation's largest savings and loan, said it will close 161 branches in California next year, including 21 in Orange County, to combine outlets too close to one another after its purchase of Home Savings of America. The closures and other consolidations are expected to cost up to 3,500 bank employees their jobs and displace thousands of customers, although many are being moved to branches a few blocks away.