MBNA Announces First Staff Reduction
Ted Griffith reports for Delawware Online on the first major job reductions in MBNA's 23 year history.
For Delaware, MBNA's announcement has major economic implications because MBNA for decades has been the "engine" of job growth in Delaware, said Henry Beckler, a Delaware banking industry veteran. Started in a former A&P supermarket in Ogletown in 1982, MBNA enjoyed rapid growth for more than two decades, ultimately surpassing DuPont as Delaware's top private employer.
MBNA is hosting an Investor Meeting and webcast later this morning.
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