Hudson United Faces Layoffs in Td Banknorth Merger ; New Parent Plans Savings of 25%
The Record, Bergen County, NJ › October 25, 2005
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Summary
TD Banknorth intends to cut operating costs at Hudson United Bank by one-fourth - largely through layoffs next year after the companies' planned merger.
"We have been able to confirm cost saves of 25 percent," Peter Verrill, TD Banknorth's COO, told analysts in an earnings call Monday.See the full content of this document
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Hudson United Faces Layoffs in Td Banknorth Merger ; New Parent Plans Savings of 25%
The companies say they do not know yet how many of Mahwah-based Hudson United's 1,900 jobs will be eliminated after the merger, which is expected to b...
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