Citing economic downturn, Sovereign Bank laying off 950 a few months after cutting 1,000 jobs

PHILADELPHIA — Sovereign Bank officials say they will cut 950 jobs, or almost 9 percent of its work force, as part of cost-saving measures in response to the economic downturn.

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Sovereign-layoffs

  • ivor Sovereign Bancorp cutting 1,000 jobs amid downturn
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