Bear Stearns sending redundancy letters, say staff
LONDON (Reuters) - Bear Stearns Cos Inc staff have started receiving letters telling them whether they will keep their jobs, as JPMorgan Chase & Co works through a takeover of its rival U.S. bank. 2 months ago
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Although neither Bear or Morgan have given a final number on those being laid off, I've heard the number will be above 7,000.