Bank of America to lay off 1,100, close Ohio sites PDF  | Print |  E-mail
Written by Associated Press   
Friday, 30 August 2013 08:27

BEACHWOOD, Ohio (AP) — Bank of America Corp. will lay off more than 1,100 employees as it closes two suburban Cleveland offices and one in Cincinnati while shrinking its mortgage operations.

About 1,000 people will lose jobs when a mortgage and consumer banking office in Beachwood closes Oct. 31. Beachwood Mayor Merle Gorden says those facilities are owned by The Cleveland Clinic, and the city hopes to explore whether the Clinic's operations could expand to the affected spaces and employ some of the laid-off workers.

Workers will receive severance packages. The Plain Dealer reports transfer opportunities for them are limited because North Carolina-based Bank of America has no similar operations in the Cleveland area.

An Independence office with 55 employees and a Cincinnati office with 100 workers also will close Oct. 31.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

Front Page Stories

Rossford schools to put levy on fall ballot
07/22/2014 | BILL RYAN, Sentinel Staff Writer
article thumbnail

ROSSFORD - Voters in the Rossford School District will be asked to approve a new 4.49- [ ... ]


Custar man ruled not competent
07/22/2014 | PETER KUEBECK, Sentinel Staff Writer
article thumbnail

File photo. Thomas Boyer, left, is seen with his attorney. (Photo: Enoch Wu/Sentinel-Tri [ ... ]


Other Front Page Articles