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OTHER NEWS - Feb. 11, 1994

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From Times Staff and Wire Reports

GlenFed Cuts Jobs: Glendale Federal Bank said it has cut 150 positions by transferring employees and data processing functions to Systematics Financial Services of Little Rock, Ark. GlenFed said that all 150 former workers are being offered jobs at Systematics sites in Florida, Arkansas and Northern California. It was unclear whether moving expenses would be paid for the mainly data processing and computer systems workers.

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