Mayor says BofA layoffs don't indicate weakening Charlotte commitment

Yesterday, Bank of America issued layoff notices to 540 employees in Charlotte who work in the bank's division that handles troubled mortgages. Bank officials talked with Mayor Dan Clodfelter that morning to inform him of what was happening. Today, Clodfelter issued the following statement:

“It is always unfortunate when jobs are cut, regardless of the circumstances but I appreciate Bank of America’s willingness to offer assistance to the impacted employees. Based on my conversations with bank officials, I am confident that this restructuring doesn’t reflect any weakening of the bank’s longstanding commitment to Charlotte.”

Bank of America continues to employ about 15,000 workers in Charlotte, making it among the city's largest employers. The company is also a key contributor to civic and cultural causes.