Compass Bank to cut 10 percent of staff - WSFA.com Montgomery Alabama news.

Compass Bank to cut 10 percent of staff

BIRMINGHAM, Ala. (AP) - Birmingham-based Compass Bank says it will cut 1,200 jobs, or about 10 percent of its staff, as part of an overall reorganization intended to streamline its U.S. operations.

The company announced Friday the job cuts will spread across all of its business units in Alabama and five other states.

Compass said the workers who will lose their jobs will be notified within the next few days and will receive severance. The cuts include management and non-managment positions. The bank is the U.S. unit of a Spain-based banking company.

Compass officials said the changes are necessary to remain competitive amid the battered U.S. economy.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

  • NewsMore>>

  • Authorities: Suspected restaurant gunman had gun license

    Authorities: Suspected restaurant gunman had gun license

    Friday, May 25 2018 1:02 AM EDT2018-05-25 05:02:34 GMT
    Saturday, May 26 2018 2:26 AM EDT2018-05-26 06:26:11 GMT
    (Bryan Terry/The Oklahoman via AP). Jennifer Stong hugs Tasha Hunt outside the scene of a shooting on the east side of Lake Hefner in Oklahoma City, Thursday, May 24, 2018. Stong was inside the restaurant when the shooting occurred.(Bryan Terry/The Oklahoman via AP). Jennifer Stong hugs Tasha Hunt outside the scene of a shooting on the east side of Lake Hefner in Oklahoma City, Thursday, May 24, 2018. Stong was inside the restaurant when the shooting occurred.

    Police: Man armed with pistol shot and wounded two customers at Oklahoma City restaurant before being shot dead by handgun-carrying civilian in parking lot.

    More >>

    Police: Man armed with pistol shot and wounded two customers at Oklahoma City restaurant before being shot dead by handgun-carrying civilian in parking lot.

    More >>
  • Handcuffed Weinstein faces rape charge in #MeToo reckoning

    Handcuffed Weinstein faces rape charge in #MeToo reckoning

    Friday, May 25 2018 12:22 AM EDT2018-05-25 04:22:30 GMT
    Saturday, May 26 2018 2:24 AM EDT2018-05-26 06:24:15 GMT
    (Photo by Chris Pizzello/Invision/AP, File). FILE - In this Jan. 8, 2017, file photo, Harvey Weinstein arrives at The Weinstein Company and Netflix Golden Globes afterparty in Beverly Hills, Calif. Law enforcement officials say Weinstein is expected to...(Photo by Chris Pizzello/Invision/AP, File). FILE - In this Jan. 8, 2017, file photo, Harvey Weinstein arrives at The Weinstein Company and Netflix Golden Globes afterparty in Beverly Hills, Calif. Law enforcement officials say Weinstein is expected to...

    Harvey Weinstein is expected to turn himself in to police in New York City early Friday following a seven-month investigation into sexual assault allegations.

    More >>

    Harvey Weinstein is expected to turn himself in to police in New York City early Friday following a seven-month investigation into sexual assault allegations.

    More >>
  • Exit polls suggest Irish voters have repealed abortion ban

    Exit polls suggest Irish voters have repealed abortion ban

    Friday, May 25 2018 2:32 AM EDT2018-05-25 06:32:46 GMT
    Saturday, May 26 2018 2:23 AM EDT2018-05-26 06:23:41 GMT
    (Clodagh Kilcoyne/PA via AP). Presiding officer Carmel McBride looks on as a woman casts her vote in the referendum on the 8th Amendment of the Irish Constitution, on Thursday May 24, 2018, a day early for the people that live off the coast of Donegal ...(Clodagh Kilcoyne/PA via AP). Presiding officer Carmel McBride looks on as a woman casts her vote in the referendum on the 8th Amendment of the Irish Constitution, on Thursday May 24, 2018, a day early for the people that live off the coast of Donegal ...

    Voters throughout Ireland have begun casting votes in a referendum that may lead to a loosening of the country's strict ban on most abortions.

    More >>

    Voters throughout Ireland have begun casting votes in a referendum that may lead to a loosening of the country's strict ban on most abortions.

    More >>
Powered by Frankly