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1,600 Bay Area WaMu Employees To Lose Jobs

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Nov 21, 2008 8:43 am US/Pacific

1,600 Bay Area WaMu Employees To Lose Jobs

PLEASANTON (AP) ― About 1,600 Bay Area employees of Washington Mutual will be out of work after the bank announced it would close two area operation centers.

Washington Mutual—now owned by JPMorgan Chase—says it will shut down its operations center in Pleasanton by early spring of next year.
About 1,200 people work at the center.

Another 400 people will be let go in a closure of an operations
center in San Francisco.

With the bank giving 60-day notices of termination, most of the employees being let go will be out of work by Jan. 31.

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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