OneWest Bank to lay off 725 workers in Austin

OneWest Bank said it will lay off 725 workers in Austin following the announcement last week that part of its business is being acquired by Ocwen Financial Corp.

The layoffs at the Austin facility, which is in the Domain development in North Austin, will begin on Aug. 31, according to a WARN letter the company sent to the Texas Workforce Commission. A WARN letter — which stands for the Worker Adjustment and Retraining Notification Act — is a federally mandated notice employers must provide to state governments in the event of major layoffs.

The majority of the 725 people being laid off are call center employees, said Elizabeth Chrisman, first vice president of employee relations and recruiting for OneWest Bank. She said about 150 employees would be retained at the Austin facility.

The Austin facility served as headquarters for the Pasadena, Calif.-based bank’s home loan servicing business.

More at http://www.statesman.com/news/business/onewest-bank-to-lay-off-725-workers-in-austin/nYM58/ .

[font color=green]No union representation for these unfortunate people. However, we have an idea which business won't receive the Austin American-Statesman Top Workplaces award that I posted about in this thread (and didn't receive any replies):[/font]

http://www.democraticunderground.com/10789515