Bank of America cutting 3,000 jobs in 3 overseas offices
04/09/2014 3:37 PM
04/09/2014 4:36 PM
About 3,000 Bank of America workers will lose their jobs as the Charlotte bank closes three of its overseas offices.
Locations in San Jose, Costa Rica; Taguig City, Philippines; and Guadalajara, Mexico, will be shuttered over the next year, bank spokesman Mark Pipitone confirmed Wednesday.
No U.S. jobs are expected to be lost. The closed centers are part of a group known as BA Continuum, which does not have a presence in the United States. The group provides back-office services, transactions, customer support and information technology for several of Bank of America’s major business lines.
Some of the work is expected to move to other offices, which could include Charlotte.
Bank of America said employees were told of the changes a year in advance to give them time to look for new jobs.
“We review our global operations on an ongoing basis to make the best use of our resources, balance capacity across our sites and simplify our company for our customers and clients around the world,” Pipitone said in a statement. “Bank of America has a strong track record for helping employees transition to new positions outside our company.”
He said there would be no impact to Bank of America Merrill Lynch.
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