You have reached your limit of free articles this month.

Enjoy unlimited access to SpringfieldNewsSun.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and interactive features. Starting at just 99c for 8 weeks.

X

Welcome to SpringfieldNewsSun.com

Your source for Clark and Champaign counties’ hometown news. All readers have free access to a limited number of stories every month.

If you are a News-Sun subscriber, please take a moment to login for unlimited access.

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

End of an era as Ringling Bros. gears up for last two shows 
End of an era as Ringling Bros. gears up for last two shows 

It’s the end of an era.  After 146 years, Ringling Bros. and Barnum & Bailey Circus is folding up the big tent forever, shuttering the ticket windows and putting the animals out to pasture. The circus has been a staple of American entertainment since the mid-1800s, wowing audiences with an array of exotic animals, breathtaking acrobatics...
Explosives fail to bring down Ohio’s tallest bridge
Explosives fail to bring down Ohio’s tallest bridge

Both sides of Interstate 71 at the Jeremiah Morrow bridge are reopened after another failed attempt to destroy the old bridge over the Little Miami River. Dispatchers at the Ohio State Patrol said the interstate opened just before 9 a.m. today after more explosives failed to completely down the old bridge. Our news partner WCPO is reporting cranes...
Body found in Grand Canyon likely boy swept away with step-grandmother
Body found in Grand Canyon likely boy swept away with step-grandmother

Grand Canyon National Park officials said Friday that a body found is likely that of a 14-year-old hiker who went missing in the park two weeks ago with his step-grandmother. According to the New York Post, Jackson Standefer of Chattanooga, Tennessee, was swept away along with LouAnn Merrell when the two were crossing a creek on April 15...
Masonic home celebrating 125 years
Masonic home celebrating 125 years

The Springfield Masonic Community is celebrating 125 years and is promoting recent renovations to its facilities on the historic Springfield campus. Originally built in 1892, the Springfield Masonic Community provides a range of services to residents 55 and older, including skilled nursing, rehabilitation, post-acute care and extended-care services...
Patchy fog to start the day; more storms due this week
Patchy fog to start the day; more storms due this week

Showers and storms tonight Cooler temperatures this week More storms possible Thursday Today: Partly to mostly cloudy skies today with highs in the middle 80s. It will be warm, breezy and muggy. While a stray shower or storm can’t be ruled out, it appears most of the afternoon should be dry. The chance for more showers and storms...
More Stories