In an effort to meet profitability goals for 1997, First of America Bank Corp. will restructure itself and further reduce its work force by what it said would be a "relatively small" percentage.

The Kalamazoo, Mich., company cut 1,000 jobs, about 7% its work force, in 1994 and 1995. Officials declined to say how many jobs would be cut this time.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.