U.S. Bank Cutbacks 3/17/2009
A dozen employees in my area have lost their jobs and were part of the U.S. Bancorp Cutbacks effective 3/17/09. They had been employed at the bank around 22-35 years and are between the ages of 47-64. Because several are not old enough, they have lost their retiree credits and other benefits. Several also had to forfeit their stock options. Because of losing their jobs, they only had 1 month after their last day to excise; USB stock at low, so they had to forfeit them. It seems the economy is making it most difficult for the more knowledgeable, most loyal, skilled and experienced employees to keep their jobs.