|
|
| 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. |
|
| 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 |
