About 60 percent of the workforce at Milwaukee's Shelter Mortgage Co. will be laid off in November, following the company's acquisition earlier this month, according to a letter filed with the Wisconsin Department of Workforce Development Tuesday.At this point, people are wishing Scott Walker stole someone else's job plan besides ALEC's, because it sure as hell isn't working.
Shelter was a subsidiary of Brown Deer-based Guaranty Bank until January 2013, when Guaranty sold its Shelter Mortgage division to a Chicago private equity group in a move designed to free up capital. New Plymouth, Pa.-based national mortgage lender New Penn Financial LLC acquired Shelter for an undisclosed sum in early September.
Almost one month since Shelter's later acquisition, a letter Tuesday said 63 employees will lose their jobs over a 90-day period starting Nov. 30. Shelter employs about 100, a New Penn spokesman told the Milwaukee Business Journal earlier this month.
Tuesday, September 30, 2014
While Scott Walker and friends are jumping up and down, pointing at Mary Burke and screaming, "Plagiarism!", the state continues to hemorrhage jobs and a sickening rate: