New York-based JP Morgan Chase and Co. will cut 170 jobs in its Chase Bbank Milwaukee offices by February 2007.
The bank plans to reduce its nationwide collection office cites from five to three. The Wisconsin job cuts will come from the home mortgage and home equity collections areas. The positions will be transferred to Columbus, Ohio; Dallas; and Phoenix.
The collections office located in the Cleveland will also be closed.
The employees whose jobs will be cut may apply for positions at Chase offices in other states. Currently, Chase bank employs 1,400 people in Milwaukee.
Friday, August 04, 2006
AOL to cut 5,000 jobs
NEW YORK — AOL said Thursday it would drop as many as 5,000 employees, or a quarter of its global work force, within six months as the company restructures its business to draw more online advertising dollars.
The announcement came a day after AOL said it would no longer charge high-speed Internet customers for e-mail and other services.
Massive layoffs are expected as AOL stops marketing its dial-up services and reduces its need for customer-support centers.
The announcement came a day after AOL said it would no longer charge high-speed Internet customers for e-mail and other services.
Massive layoffs are expected as AOL stops marketing its dial-up services and reduces its need for customer-support centers.
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