published Thursday, August 22nd, 2013

Wells Fargo to cut 365 jobs in Birmingham area

BIRMINGHAM, Ala. — Wells Fargo officials say they plan to eliminate 365 positions in Alabama.

Company executives told WBRC-TV that the jobs are within its mortgage department in the Birmingham area.

The company says the decision was the result of decreasing demand for home refinancing across the nation.

Company officials say they will share any open positions within Wells Fargo with the affected employees.

They say that if an employee is unable to find another job within Wells Fargo, the company will provide separation benefits. Those benefits include health insurance and salary continuation based on service with Wells Fargo.

about Associated Press...

The Associated Press

Other National Articles

videos »         

photos »         

e-edition »

advertisement
advertisement

Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.