J.P. Morgan Chase & Co. Inc. has informed state of Wisconsin officials that it is closing its Chase mortgage banking customer assistance operations at its downtown Milwaukee offices, resulting in the loss of 135 jobs.
The New York City-based bank said in a mass layoff notice filed with the Wisconsin Department of Workforce Development that it informed employees Tuesday of its intent to exit the business at 111 E. Wisconsin Ave. The expected date of terminations is March 26 to comply with the state's 60-day notification requirement in mass layoff situations.
Chase said the employees are not represented by a union and that the job losses will be permanent. The Department of Workforce Development will work with the Milwaukee Area Workforce Investment Board to provide rapid response services to the affected workers, which includes pre-layoff workshops on a variety of topics such as resume writing, interviewing and job search strategies.
Wednesday, January 27, 2016
As Scott Walker is hinting at running for a third term, we get a reminder of just how good of a job he isn't doing: