CHICAGO Bank One Corp. said Friday that it had fired 60 employees in the banking companys equipment-leasing unit, and closed five of its offices, in the latest round of cost-cutting by chief executive Jamie Dimon.
The cuts took effect Dec. 1.
Banc One Leasing Corp., which leases equipment to corporate customers of the banking company, will be merged into holding company. It has until now operated as a separate unit.
Bank One has about 325 employees working in the leasing business around the country. Since taking the helm at Bank One in March, Mr. Dimon has looked for ways to make cuts at the Chicago bank. The latest job cuts follow recent layoffs in the capital markets area, which included cuts in the public finance division.
