Shoreview, MN, USA, August 12, 2019 -- Wells Fargo & Co. is shedding 400 jobs at its operations center in Shoreview.
In an Aug. 7 notice filed with Minnesota’s jobs agency, Wells Fargo officials said the change followed a regular business review. The affected employees work from Wells Fargo’s office at 1801 Park View Drive in Shoreview.
"We regularly review and adjust our staffing levels to match the needs of our business," wrote Anita Steward, employee relations business consultant with Wells Fargo, in the filing. "We will make every effort to minimize the impact and ease the transition for our affected team members."
Wells Fargo said the change will affect 405 employees in total. The company aims to relocate some non-exempt workers and managers to other locations in the country.
Employees in the eliminated positions provide customer service via phone, email, social media and other "virtual channels," said Wells Fargo spokesperson Julie Fogerson in an email.
The bank said it will help employees find new jobs either within Wells Fargo or at other companies.
Phone bankers and customer service representatives comprise the biggest share of affected positions. According to the Aug. 7 filing, Wells Fargo is eliminating 286 phone bankers and 92 customer service reps.
The job reductions also will affect a few administrative assistants and managers.
"While we recognize some current jobs will be eliminated with this business decision, the work will be absorbed by other domestic contact center locations," Fogerson said.
Wells Fargo anticipates that "most, if not all" of the affected employees will take paid leave benefits based on their years of service. None of the employees were represented by a union, the bank noted.
In addition, the bank laid off 115 consumer lending employees at its office in St. Louis Park.
Posted by Veronica Silva Cusi, news correspondent
About Wells Fargo:
Wells Fargo & Company (NYSE: WFC) is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance through more than 10,000 Wells Fargo and Wachovia stores, 12,000 Wells Fargo and Wachovia ATMs, the internet and other distribution channels across North America and internationally.
Published: Wednesday, August 14, 2019
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