Bank dismisses 65 Cincinnati employers

Published:

On: Feb 2020

According to the reports, the United States Bancorp will release a total of 65 employees in Cincinnati(Cincinnati Business Courier) in the month of April. Minneapolis-located US bank is reducing the jobs as it is planning to halt its retail lockbox service, and a response to modifications in the industry as customers use new procedures of payment. said by the bank’s spokeswoman Rebekah Fawcett. It declared that they made this announcement last year, but hadn’t disclosed how many employees would be impacted.

The first-ever job cuts at the operations will be started around the 6th of April at the center of 5065 Wooster Road near Lunken Airport, said by the US Bank in a Worker Adjustment Retraining Notification(WARN) Act. Fawcett said that we have concluded the date currently, although we have been operating with impacted employees for some period to help them ready for the transition.

The US Bank further said that we are fully concentrated on generating value for those who depend on our bank and we also identify that our firm is migrating as newer payment channels proceed. With these transforming dynamics, we announced the previous year that we would be closing our retail lockbox method and meanwhile, funding in digital payment solutions. We have been working so hard to guarantee our staff can have as smooth a move as possible to their upcoming opportunities.