Chase Cutting 1,000 LI Jobs

[UpInArms]

http://www.newsday.com/business/ny-bzchas283513577oct28,0,6128049.story

J.P. Morgan Chase plans to lay off about 1,000 people at its Hicksville facilities in an effort to cut costs, sources told Newsday yesterday.

The second-largest U.S. bank, which has 60 branches and 5,400 employees on Long Island, is moving about 1,000 customer service positions from its Chase Cardmember Services site in Hicksville, to Vancouver, Canada, as well as Tampa, Fla., Tempe, Ariz., Houston and San Antonio. The layoffs are scheduled to take effect in six months, the sources said.

The jobs affected include credit card customer service and collections. The cardmember service site occupies three buildings on Duffy Avenue in Hicksville, where a large Chase sign is highly visible from the Long Island Railroad's Hicksville station and Routes 106 and 107. The bank decided not to renew its lease in one of the buildings in an attempt to cut costs amid a sluggish economy, and to add a call center operating on a West Coast time zone, sources said.

...more...

[JeebusH]

1. but the economy is recovering

and the war with Oceania is going well too

[Military Brat]

2. Sony planning massive job cuts

20,000 globally. No stats yet on how many will be cut in the U.S. These cuts will take place over a 3-year period. http://news.bbc.co.uk/2/hi/business/3219667.stm

Who's next? And you know there will be more ...

[Atlant]

3. The Job-Loss Recovery rolls along...

The Job-Loss Recovery

is rolling right along!

Atlant

[Parche]

4. farming out again

They will probably send those jobs to India
or