skip to main contentskip to popular page linksskip to main navigation links
photo of Mike Capuano Michael E. Capuano representing the 7th district of Massachusetts in the U.S. House of Representatives Go to the House of Representatives homepage
Like Mike on Facebook Visit Mike's video channel on YouTube Like Mike on Facebook


 My Schedule My Voting Record District Maps Register To Vote FAQ Site Map e-Updates
Print Version-"A Long Line of Broken Promises" from Bank of America


"A Long Line of Broken Promises" from Bank of America

October 8, 2004

This week, Congressman Capuano expressed disappointment with the announcement that Bank of America will lay off an additional 140 employees in Massachusetts. "This is just another in a long line of broken promises from Bank of America leadership," stated Rep. Mike Capuano.

Bank of America publicly committed to maintaining employment numbers in New England after its merger with FleetBoston. Although bank's management did state that 100 new jobs would move to Massachusetts with the relocation of the wealth management group, this latest announcement still leaves a net loss of 40 positions, just in the past month.

"In September, I sat across a table from Ken Lewis to try and get answers about the job situation in Massachusetts. He could have addressed this issue then, but chose not to. If this is how Bank of America intends to do business, then we should all be prepared for more cuts in the future. I am looking forward to questioning Mr. Lewis when he testifies at the Financial Services Committee hearing in Boston this December," said Rep. Capuano, who serves on the Committee.

"Although Bank of America officials claim that ultimately New England will suffer no net job losses, this does not help those who are losing their jobs, and does nothing to ease the minds of the thousands of bank employees who continue to face the possibility of more layoffs. Furthermore, Bank of America officials have yet to answer questions about how many part-time employees hired to replace full time workers will be eligible for health and retirement benefits", stated Congressman Capuano.


Contact: Alison M. Mills (617) 621-6208



Home | About | Biography | Contact | Issues | Links | News | Schedules | Services

E-Updates | Site Map | Privacy Policy | Accessibility

110 First Street
Cambridge, MA 02141
P: (617) 621-6208
F: (617) 621-8628

  Constituent Services Click to close menu
  Casework and Assistance
  Immigration Casework
  Grants and Federal Domestic Assistance
  Presidential Greetings
  Washington, D.C. Attractions
  U.S. Service Academy Nominations
  Media Center Click to close menu
  Press Items
  Recent Votes
  Video and Audio
  Legislative Work Click to close menu
  Recent Votes
  Voting Record
  Sponsored Legislation
  Earmark Requests
  Committees and Caucuses
  Ethics Task Force
  Schedules Click to close menu
  My Schedule
  House Floor Summary
  Weekly House Schedule
  Annual House Calendar
  Weekly Senate Schedule
  Our District Click to close menu
  The 7th District Over the Years
  Nobel Prize Winners
  Interesting facts about Massachusetts
  Massachusetts Links
  Links Click to close menu
  Massachusetts Links
    State Government
    About the 7th District
    Arts, Culture and Attractions
    Chambers of Commerce
    Colleges and Universities
    Exploring Massachusetts
    Hospitals and Health Organizations

  Federal Government Links - Official Government Portal
    Legislative Branch
    Executive Branch
    Judicial Branch
    Federal Agencies
    Kids' Pages
    Register to Vote
    Washington, D.C. Attractions
    Business Opportunities with the Government
  Contact Click to close menu
  District Office
  Washington, D.C. Office
  Office Hours Program
  Community Meetings
  E-mail Me