BBVA Compass to cut 1200 jobs

The News Review:

- BBVA Compass to cut 1200 jobs
- Unemployment rises in Birmingham area
- Birmingham’s New South Federal Savings Banks eliminating 70 jobs
- Birmingham employment agencies Adecco Spherion work to fill …
- Birmingham police probe separate shootings

BBVA Compass to cut 1200 jobs
Bizjournals.com NC 
Bank spokesman Ed Bilek said Monday that the cuts including 200 at the bank’s headquarters in Birmingham Ala. will be across all divisions and at all levels of management and non-management. Affected employees are to be notified this week. Bilek said the bank has not talked specifically yet about the possibility of branch closures. The number of bank business units has been reduced from four to three combining the community banking division with corporate banking.

Unemployment rises in Birmingham area
Bizjournals.com NC 
us Digg This The Birmingham-metro area saw an increase in jobless claims in December to 5. 7 percent the state Department of Industrial Relations reported Monday. That’s a jump from November’s unemployment rate of 5. 2 percent and last December’s rate of 3.

Birmingham’s New South Federal Savings Banks eliminating 70 jobs
The Birmingham News – al.com AL 
“It was a very difficult decision but we are facingthe same adverse housing market as everyone else” saidNew South Chairman Will Ratliff. “Some of these folkshave been with us for more than 20 years. ” Ratliff said the cuts affect Birmingham loan officerscredit analysts and workers who support such endeavors. NewSouth the largest housing-oriented thrift based in Alabamaemploys about 450 people between its Birminghamheadquarters 13 branches statewide and about 30 offices inother states.
Related from Bizvideomail: bama Plan Focuses on Private Sector Local Jobs

Birmingham employment agencies Adecco Spherion work to fill …
The Birmingham News – al.com AL 
International search firm Adecco said its U. division istrying to fill more than 1300 temporary mortgageprofessional and support jobs in Birmingham. In a releaseAdecco said the hiring is related to a refinancing boom asmortgage rates fall.

Birmingham police probe separate shootings
WZTV TN 
(AP) — Separate shootings including a homicide are under investigation in Birmingham. Henry Irby a Birmingham police spokesman said a 50-year-old man was shot dead overnight. Police withheld the victim’s name but said the shooting happened around 11 p. Sunday on Second Street Southwest. No arrests were made.

Written by admin on January 27th, 2009 with no comments.
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