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Mortgage Employment News | Employment Index | Employment Statistics
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Wachovia Cutting PA Jobs

80 layoffs disclosed

August 18, 2008

By MortgageDaily.com staff

Wachovia Corp. plans to eliminate mortgage jobs in Pennsylvania.

A Workers Adjustment and Retraining Notification filed with the Pennsylvania Department of Labor & Industry indicated the Charlotte, N.C.-based company plans the layoffs for Oct. 1. Employers are required by federal law to file WARN notices at least 60 days before they plan to layoff 50 or more employees.

While the state's data indicated 160 layoffs are planned, Wachovia spokesman Don Vecchiarello confirmed to MortgageDaily.com that Pennsylvania reflected duplicate information and only 80 layoffs are slated.

The affected employees work in Bensalem.

The layoffs are part of a plan to eliminate 11,350 positions originally announced in July.

The latest job cuts impact both retail and wholesale loan fulfillment positions.

Wachovia Employment Activity
Date Reported Location Number
August 12, 2008 national -11,350
August 11, 2008 primarily Midwest -125
July 21, 2008 national wholesale unknown
April 14, 2008 national -1,500
January 7, 2008 California -120
January 3, 2008 San Antonio, Texas -160
May 14, 2007 San Leandro, Calif. -101
April 2, 2007 San Antonio, Texas +522
February 14, 2007 national +50
November 28, 2006 Waterbury, Conn. -74
March 8, 2006 national +750
February 23, 2005 national +300

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