tag:blogger.com,1999:blog-8575396221761490577.post7450884658892710120..comments2023-10-14T11:47:37.778-04:00Comments on Bank Watch: Bank of America dropped most branches in second half of 2011Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8575396221761490577.post-53838181384747890572012-01-18T17:37:47.659-05:002012-01-18T17:37:47.659-05:00"These locations are be owing drains on the b..."These locations are be owing drains on the bottom line."<br /><br />As are employees. With the current employment <br />Market starting to turn up, it is imperative for BAC, as well as any large organization in a position to control local markets, to get as many "employees" off the rolls and drive deeply in to the contract worker market. BAC can push costs down much further with contract workers and diminish employee benefit costs dramatically while avoiding further PR nightmares the next downturn by dramatically increasing contract employment usage.<br /><br />I really hope they, as well as Wells given the ability of these two to get together and control the local staffing costs, and fully embrace contract workers much more significantly. They have just z ratted the surface of the cost savings available.<br /><br />As a shareholder, I am comfortable with a short term PR hit with further layoff announcements to reduce benefit entitlements and make the shareholder whole.<br /><br />Please BAC, do what is right by us, the shareholder.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8575396221761490577.post-36967901726168361022012-01-18T16:59:33.806-05:002012-01-18T16:59:33.806-05:00The rate of closings will increase dramatically ov...The rate of closings will increase dramatically over the next few years. Online, mobile banking and remote deposit have had a significant impact on the branch traffic. These locations are becoming drains on the bottom line.Anonymousnoreply@blogger.com