Delaware Wins Top Rating for Workers as MBNA Prepares Layoffs

[shugah]

Delaware Wins Top Rating for Workers as MBNA Prepares Layoffs

March 14 (Bloomberg) -- Delaware is being rated the best state for workers just as MBNA Corp., the biggest private employer, is preparing to fire thousands.

The sixth-smallest U.S. state by population ranked first in a University of Massachusetts study released in October that measured job opportunities, health coverage and pay gaps between men and women in the U.S. MBNA's new owner, Bank of America Corp., is planning job cuts that may push the state's unemployment rate a percentage point higher to 4.9 percent.

~snip~

The loss of MBNA jobs will hurt efforts to spur growth. Bank of America, the second-largest U.S. bank, acquired Wilmington-based MBNA in January for $35 billion to become the No. 1 U.S. credit-card issuer. Bank of America, based in Charlotte, North Carolina, plans to cut 6,000 jobs as a result of the merger, with an unspecified number in Delaware.

MBNA employs about 10,500 of Delaware's more than 400,000 workers. Estimates of the company's potential job cuts in the state range from 3,000 to more than 4,500, according to Hopkins and John Boyd, founder of Boyd Co., a corporate-relocation company based in Princeton, New Jersey.

http://www.bloomberg.com/apps/news?pid=10000103&sid=aUa0o7tUiHow&refer=us

[HughBeaumont]

1. Yet Bewsh trumpets the 200+k monthly job gain . ..

. . . which consists of replacing good jobs with benefits such as the ones the MBNA employees are undeservedly going to be losing with lower paying service-sector, part-time and temporary positions. I guess the BLS and Lancelot Link's PR department created a few new positions - goalpost movers.

It's time that employment reports only focus on how many FULL TIME quality jobs you create per month. Also, there needs to be tracking on how many people assumingly hold two or more of these shit jobs to make ends meet. THEN, let's see if your false unemployment rate doesn't skyrocket to it's true total. A job is NOT a job is NOT a job.