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Thursday, October 26, 2006
Honestly, who did not see this coming?
This latest development [200 jobs being cut] comes as Delaware's banking sector, long considered a pillar of the state's economy, has been losing jobs. Most notably, Bank of America shed hundreds of jobs this year following its acquisition of Wilmington-based credit card giant MBNA Corp. The banking sector suffered a net loss of 700 jobs over the past year, dropping to 26,800 from 27,500, according to September data, the latest available, said Edward L. Simon, director of labor market information at the Delaware Department of Labor.Pssst....all you free traders. Your jobs can be done in India at 1/30th the cost.
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