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Updated: 2:54 p.m. Friday, March 9, 2012 | Posted: 2:26 p.m. Friday, March 9, 2012

Fifth Third does layoffs throughout footprint

By Chelsey Levingston

Staff Writer

CINCINNATI — Fifth Third Bank has laid off employees in a variety of positions throughout its 12-state footprint in the past 10 days, bank spokeswoman Debra DeCourcy said Friday.

The layoffs are less than one percent of the Cincinnati company’s 22,000 employees.

“That’s as specific as I can get at this point,” she said.

She did not say how many of the layoffs were in Cincinnati and Dayton or what kind of jobs were cut, only that it happed throughout all of Fifth Third’s markets.

Just in the Greater Cincinnati affiliate, which includes Dayton, Northern Kentucky and the company’s headquarters operations, Fifth Third has approximately 7,800 employees, the company has said.

Fifth Third continually adjusts staff levels to business demand, work load, technology advances and other factors, DeCourcy said.

“We have a philosophy that we continue to manage the employment of our staff,” she said.

The banking and financial company doesn’t expect any additional reductions in the near future, she said.

Despite the layoffs, Fifth Third has advertised more job openings than any other single employer in the Cincinnati area each month since October 2011. That’s when Ohio Department of Job and Family Services started tracking the data from its Ohio Means Jobs website for online job postings.

“There are some areas where we don’t have a work force demand and at the same time, there could be other areas where we do,” she said.

Fifth Third is the second largest bank by deposits of $18.6 billion in the Cincinnati metro and the largest bank by deposits of $2.4 billion in the Dayton metro, according to the Federal Deposit Insurance Corp.

Contact this reporter at (513) 705-2551 or clevingston@coxohio.com.

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