Bank of America To Cut 55 Hunt Valley Jobs

plans to eliminate 55 positions from its Hunt Valley credit processing facility later this year.

The corporation announced the cuts, which will run from Nov. 30 to Jan. 31, 2013, in a filing with the Maryland Department of Labor, Licensing and Regulation on Friday, according to Baltimore Business Journal.

Patch that Bank of America intended to eliminate about 30,000 jobs company-wide in 2012 and 2013. Last year, 40 positions were cut from the Hunt Valley facility, located at 11333 McCormick Road.

Baltimore Business Journal reports that the layoffs are coming on the heels of Bank of America CEO Brian Moynihan announcing cost-saving measures, capital improvement plans and addressing mortgage problems.