Layoff News
Later this year, Wilmington Trust, a Delaware-based bank, will merge with the Buffalo, New York-based M&T Bank later this year. As a result, 700 employees will be laid off.
Spokesman for M&T, Mike Zabel, made the announcement yesterday, saying that over a quarter of Wilmington Trust’s 2,800 employees would lose their jobs.
“We’re going through a process this week of notifying employees of their status,” Zabel said. “The vast majority will be effected at conversion or after…” According to Zabel, the company will have “a number of employees that we’ll want and need to keep on for months and months after conversion.”
Despite the loss of over 700 employees, there are no plans to close any Wilmington Trust branches.
- Employment News (Sponsored by EmploymentSpectator)
- Following Your Passion-Literally! (Sponsored by iamnotastalker.com)
- Job Search Advice from the CEO of TravelingCrossing (Sponsored by aharrisonbarnes.com)
- Layoff News (Sponsored by LayOffWatch)
Only TravelingCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.
- We have more jobs than any other job board.
- We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
- We collect jobs from more than 4,429,376 websites and post them on our site.
- We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.
