By Wallace Witkowski
SAN FRANCISCO (MarketWatch) -- Merrill Lynch & Co. (MER) will institute a hiring freeze for the remainder of 2008, Bloomberg reported late Thursday, citing an internal company memo. The freeze extends to previously budgeted posts and replacement hires, according to Bloomberg. The freeze, however, does not apply to retail brokers, who make up just over a quarter of Merrill's 60,000-person workforce, the news agency said.
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