(Fixes typo in paragraph 5 to read 'workers')
By Peter Rudegeair
April 9 Bank of America Corp said on
Wednesday that it will close three foreign offices and eliminate
about 3,000 jobs over the next nine to 12 months in an effort to
simplify its global operations.
Offices that provide technological and operational support
in San Jose, Costa Rica; Guadalajara, Mexico, and Taguig City,
Philippines, will be shut down, a Bank of America spokesman said
in an emailed statement.
All three centers were part of a nonbank subsidiary called
BA Continuum that provided back-office, customer and
technological support to divisions such as mortgage banking and
insurance. BA Continuum maintains another location in India that
will remain open.
The Bank of America spokesman said the company wanted to
give the affected employees as much advance notice of the
layoffs as possible to enable them to look for new jobs.
Some of the duties performed by these workers will
eventually be moved to other locations, the spokesman said.
The closures should not have any impact on Bank of America's
capital markets businesses in Latin America, the spokesman
Wednesday's job cuts are the latest in a series at the
Charlotte, North Carolina-based company. Bank of America
employed 242,117 full-time workers at the end of 2013, down 9
percent from the 267,190 full-time staffers it had on its
payroll at the end of 2012.
(Reporting by Peter Rudegeair; Editing by Jan Paschal)