Bank of America employees: Demand answers on branch closures from CEO Ken Lewis.
It was widely reported that Bank of America is seriously considering the elimination of up to 10% of the bank's branches, with CEO Ken Lewis discussing the proposal with investors.
Can you add your initials to this letter asking for answers to important questions about these possible closures? Fill out the form to the right to add your initials.
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To: Bank of America CEO Ken Lewis
From: Bank of America Employees
As frontline bank workers who represent the public face of Bank of America to tens of thousands of customers each day, we were surprised and shocked to learn that you’re seriously considering eliminating up to 10 percent of the Bank of America branches across the country from public news reports.
A spokesperson described this proposal as part of the "long-term direction of the company." But with families facing continued financial uncertainty, we believe this is the wrong time to eliminate the jobs of 5,000 workers and leave millions of our customers without the financial advice they need to get through this crisis.
Another spokesperson recently described Bank of America as a "model employer." We ask that you live up to this standard and reconsider your decision to plunge thousands of workers and families into financial misery.
As the backbone of Bank of America, frontline bank workers helped drive the growth of the company for low wages, while executives took home huge paychecks and bonuses. We deserve answers to the following questions on your closure plans and the "long-term direction of the company."
- How many current Bank of America employees' jobs will be eliminated?
- How will you conduct the layoffs of bank employees?
- Will laid off bank employees receive any severance pay?
- In what states do you expect to close branches?
- Will you give bank employees a say in how you close branches?
- When will you release dates and locations of brach closures?
- Will more closures follow this?
- What will the savings from this closure plan be used for?
- Will you and other bank executives continue to accept bonuses after laying off thousands of workers?
Bank of America employees need to hear from you now about the future of our company. We look forward to your prompt response.
Signed,
Bank of America employees