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Bank of America staff in Leitrim heard their jobs were at risk from relative in US

Face uncertain future as major employer leaves

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Why does the business community keep shooting itself in the foot? By cutting employees, they cut current and future customers which will eventually lead to having to cut more employees and so on down and down until they spiral to ever contracting nothingness along with the economies of the world. The self-serving grand leap would be to hire more people thus stimulating the economy and enriching their bottom line. Prime the pump and watch your cup and that of your stockholders over flow.
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