From the CT Post:
Citizens Bank plans to lay off an estimated 125 employees in Bridgeport, the company told the state Department of Labor.
Citizens spokeswoman Angelyn Masiello said the layoffs are expected to commence Aug. 1 at the 1000 Lafayette Boulevard office and will be finished by Oct. 24.
“These layoffs will exceed six months and are expected to be permanent,” Masiello said in a letter to the department. “Bumping rights (the ability to displace lesser senior employees) are not available or applicable.”
More here.
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