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- 2012 - March - 6th -

Bank of America to cut 62 jobs

by Karen Brune Mathis, Managing Editor

Bank of America notified the state Monday that it will lay off 62 employees at its South Jacksonville campus by July 30.

Bank of America spokeswoman Christina Beyer Toth said in an email Monday that the bank has decided to exit its Client Research and Resolution Services operations in Jacksonville and in San Francisco.

The Jacksonville campus is at 9000 Southside Blvd.

“All impacted employees may be eligible for severance and/or relocation assistance in lieu of severance,” Toth said in the email.

Toth said the work is being moved to client research and services sites within the bank’s Image and Transaction Services in locations that include Utica, N.Y., Dallas and Los Angeles.

Toth, Bank of America senior vice president and Southeast media relations manager, said the job cuts are part of previously announced position reductions connected with “Project NEW BAC.”

She described the project as “an effort to increase revenue, simplify and streamline work and align expenses to Bank of America’s customer-focused strategy.”

Toth said the anticipated closing date for the Jacksonville site is late June and the San Francisco site will close in September.

The bank informed the state of its plans as a “Worker Adjustment and Retraining Notification” notice.

Toth said the bank employs about 21,000 employees in Florida, but did not provide numbers for Jacksonville.

In December 2010, then Mayor John Peyton announced that Bank of America and Merrill Lynch would add 1,000 jobs to Jacksonville over the subsequent several years.

JAX Chamber said then that with those jobs, Bank of America and Merrill Lynch would employ about 8,000 people in the area. Bank of America owns Merrill Lynch.

“We have a strong commitment to the city of Jacksonville as one of our largest employment centers in the country and continue to hire here,” Toth said in the email.

“Our associates in Jacksonville work in a wide variety of businesses across the company,” she said.

Toth said that the bank continues to evaluate its operations “to ensure we’re making the very best use of our resources. These necessary activities sometimes result in moving work across our footprint, leading us to consolidate certain sites. “

Toth said the bank will continue to support communities “through philanthropy, volunteerism, community development lending and investing and various community commitments.”

kmathis@baileypub.com

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