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September 09, 1999
First Union Selected as One of the 50 Best Companies for Latinas to Work for in the U.S.
CHARLOTTE-First Union Corporation, the nation's sixth largest bank, has been selected for the second year as one of the 50 Best Companies for Latinas to Work for in the U.S. by LATINA Style magazine. The award will be presented this evening at a reception in Washington, D.C., at the home of U.S. Vice President Al Gore. Tipper Gore will be the keynote speaker.
First Union will be represented by Nilda deBoyrie, senior vice president and regional managing director of the International Financial Advisory Division, based in Miami, and Rosie Saez, senior vice president and regional manager of Community Development for a five-state region, based in Philadelphia.
For the past two years the magazine has presented its LATINA Style 50 award to companies in the U.S. that employ a large number of Hispanics in key positions. Currently First Union counts 67 Latina vice presidents among its Hispanic employees. This number, along with its generous maternity and paternity leave, flexible work arrangements and management training programs, were all key factors that lead to First Union's receiving this honor.
To select the winners, the magazine did an extensive search among the Fortune 500 companies, as well as key companies active in the Hispanic community. The surveys were complemented through confidential interviews conducted with Latinas throughout corporate America. The LATINA Style 50 is the only national effort to evaluate corporate America's responsiveness to the needs of the modern Hispanic working woman.
Companies responding to the survey were evaluated based on the issues identified by LATINA Style readers as most important to them in the workplace. Areas of evaluation included: - Number of Latina executives;
- Mentoring programs;
- Educational opportunities;
- Dependent/Child Care Support and leave for childbirth;
- Alternative work policies; and
- Employee benefits.
"By the latest count, Hispanic women in the U.S. workforce number 5 million, and the numbers continue to rise," said Anna Maria Arias, editor and publisher of LATINA Style magazine. "We have gone to great lengths to evaluate these companies. Latinas can be confident that the LATINA Style 50 represents the best Corporate America has to offer to the Latina working woman."
First Union Corporation (NYSE:FTU) is a leading provider of financial services to more than 16 million retail and corporate customers throughout the East Coast and the nation. First Union is the nation's sixth largest bank holding company and eighth largest brokerage company, based on assets of $230 billion as of June 30, 1999.
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