Loading...

Weather Alerts 2 View »

Wells Fargo laying off more workers in Tempe

Wells Fargo laying off more workers in Tempe

By Ina Ronquillo. CREATED Sep 19, 2013

PHOENIX (AP) - Wells Fargo is laying off more workers in Tempe due to the decline in mortgage-refinancing volume.
   
It is the company's second job reduction in two months.
   
Wells Fargo says the 176 job reductions are part of 1,865 nationally, all involving mortgage-related positions.
   
The Arizona Republic says some of the displaced employees could find jobs in other areas of the company.
   
Wells Fargo also is giving affected workers 60 days' notice.
   
Last month, Wells Fargo says it planned to lay off 292 Arizona workers and 2,323 across the nation as a result of the refinancing downturn.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
 

Ina Ronquillo

Ina Ronquillo

Email Twitter
Ina is a Southern Arizona native. She graduated from Nogales High School and then received her Bachelor of Arts from the University of Arizona with a double major in Media Arts and Communication.