THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

Sovereign will ax 800 jobs, 77 locally, in bid to cut costs

By Keith Reed
Globe Staff / December 16, 2006

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Sovereign Bancorp. said yesterday it will cut 800 jobs, 77 of them locally, from its workforce of almost 9,000 and close most of its wholesale mortgage operation in an effort to slash costs by $100 million annually. (Full article: 531 words)

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