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| More Florida workers at H&R Block Mortgage Corp. lost their jobs through a branch closing.
The prime mortgage-lending subsidiary of H&R Block Corp. closed its office in Jacksonville, Fla., spokeswoman Nancy Mays told MortgageDaily.com. As a result, about 60 employees received layoff notices on Monday, she said. The Workers Adjustment and Retraining Notification notice with the state of Florida stated the exact number of workers who will be laid off by July 2 is 63. The office shutdown is part of its decision to build its prime retail mortgage origination business under H&R Block Bank and “doesn’t have anything to do with Option One [Mortgage Corp.],” Mays said. After months of being up for grabs, Option One, Block’s subprime-lending arm, recently found a buyer, Cerberus Capital Management L.P. Earlier this month, the restructuring of H&R Block Mortgage into the Kansas City, Mo.-based bank resulted in layoff notices to 141 workers who will be phased out through June 2 due to a branch closing doors in Tampa. Mays said the company does not see any further closings. The Jacksonville employees received severance packages and job placement assistance, she added. The two Florida branch closings will reduce to 10 the number of offices the Irvine, Calif.-based prime mortgage lender operates. Related: Florida Layoffs at Block |
