Layoffs Watch '08: NCC

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National City Corp announced this morning that it plans to cut 4,000 jobs as part of an "efficiency program" modeled after the population restructuring in Darfur. The approximately fourteen percent rightsizing is expected to save $500 to $600 million annually by 2011. According to a spokeswoman for the firm, NCC "remains a strong, stable, and well-capitalized."

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