Bowdeya Tweh reports:
Wells Fargo plans to cut 63 jobs from its West Chester office.
The cuts are in Wells Fargo’s Home Mortgage Northeast Retail Fulfillment group office at 9021 Meridian Way. Wells Fargo said it reguarly reviews and adjusts staffing levels to meet its needs.
The layoffs are expected to begin Oct. 6. Employees were notified Aug. 7.
The company said it would work to minimize the impact on workers and ease the transition for them.
“It is expected that most, if not all, of the affected team members will accept paid leave benefits based on years of service and compensation levels, and the opportunity to continue participating in the company’s health plans at active rates for a period of time,” the company said in a filing to the Ohio Department of Job and Family Services. The company said it would work to identify open positions internally and provide outplacement services.
Workers impacted are consumer loan underwriters, lending officers, loan administration managers, loan documentation specialists, and an administrative assistant.