Cuts Not so Deep: ; Bb&T Loses About Half As Many Jobs As Expected in 2003

Summary


BB&T said in its annual report that it estimated it would eliminate 1,918 positions in 2003 but actually terminated 980 employees during the year.

Almost all of the jobs cut were First Virginia Banks Inc. positions that were eliminated following BB&T's acquisition of First Virginia in July.

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Cuts Not so Deep: ; Bb&T Loses About Half As Many Jobs As Expected in 2003

For example, BB&T announced in October that it would cut 940 First Virginia jobs at operations centers in Roanoke, Mechanicsville and Falls Chu...

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