PNC acknowledges local layoffs, declines to say how many


PNC Financial Services Group acknowledged some of its employees are being laid off, including some in its Miami Twp. mortgage office, but the company is not saying how many employees are affected.

“We continuously adjust our staffing to meet the cyclical demands of our business,” Marcey Zwiebel, a PNC spokeswoman, said in an email to the Dayton Daily News. “Currently, PNC is responding to industry trends and lower refinance volume by reducing some mortgage (office) positions. We are not providing additional details, including numbers, at this time.”

A PNC memo to affected employees dated Wednesday advises those employees to take the rest of the day off after they received the news.

The memo, obtained by the Dayton Daily News, says PNC’s employee displacement plan includes pay through Dec. 6, as well as displacement benefits “for a number of weeks” after separation from the company. A recruiting team will help affected employees with a “job search at PNC,” the document says.

The bank is offering medical benefits through COBRA, or federal Consolidated Omnibus Budget Reconciliation Act health insurance, with PNC paying 65 percent of COBRA premiums, the memo says.

“We understand that today’s news may come as a surprise to you — but we want you to know that we have resources available to assist you during this transition,” the memo on PNC letterhead says.

There was no indication of local layoffs on the Ohio Department of Job and Family Services WARN (Worker Adjustment and Retraining Notice) board Thursday afternoon. Companies of a certain size are expected to report to Ohio government layoffs of more than 50 employees in a 30-day period.

Pittsburgh-based PNC bought National City Corp., then Ohio’s largest bank, in 2008 for $5.6 billion, as the latter bank was pummelled by the recession.

The PNC name was attached to the local mortgage office by 2009.

After the 2008 acquisition, PNC told Ohio it planned to cut 74 positions from the Miami Twp. mortgage office, but it planned to keep the office open.


Reader Comments ...


Next Up in News

Gradual weekend warm-up; Possible light showers to cause slick roads
Gradual weekend warm-up; Possible light showers to cause slick roads

Gradual warm-up this weekend Wet Sunday into Monday Colder with snow showers Tuesday TODAY: Increasing clouds and breezy for the day with temperatures climbing to the lower 40s. However, winds will make it feel like the upper 20s to lower 30s during the afternoon. Areas of light drizzle and mist will develop tonight as temperatures dip into the mid...
Autopsy report: Roy Halladay had drugs in system when plane crashed
Autopsy report: Roy Halladay had drugs in system when plane crashed

An autopsy on former major-leaguer Roy Halladay showed that he had amphetamines, morphine and a sleep aid in his system when he died in a plane crash off the west coast of Florida, The Tampa Bay Times reported Friday. Halladay, 40, died Nov. 7 from blunt force trauma with drowning as a contributing factor, according to the Pinellas-Pasco Medical...
Massachusetts couple accidentally donates savings hidden in a soup can
Massachusetts couple accidentally donates savings hidden in a soup can

Amanda Mattuchio said her parents use a fake can of Campbell's Tomato Soup to hide their cash. Unfortunately, they stored it alongside real soup cans in their kitchen. “The bottom would unscrew and it had $2,500 in it and it was a combination of $100 and $50 bills,” she said. “The neighbor upstairs asked them if they had any canned...
70 years of focusing on diplomacy, global affairs
70 years of focusing on diplomacy, global affairs

For 70 years, the Dayton Council on World Affairs has been working to engage and educate in our region on the intricacies and importance of global events. As the group readies for its anniversary celebration, we spoke with Monica Schultz, its board president, and board member Carolyn Rice about the history and mission of the council. To learn more...
Senate fails to pass budget; government shutdown now official 
Senate fails to pass budget; government shutdown now official 

WASHINGTON (AP) — The Latest on the budget battle in Congress (all times local): 12:00 a.m. The government shutdown is now official, as the deadline has been reached with no deal in place. The White House released a statement on what they are calling the ‘Schumer Shutdown:’ “Senate Democrats own the Schumer Shutdown. Tonight...
More Stories