Wachovia tells Edwards technology workers of job changes
Wachovia Securities this week notified 500 information technology workers in St. Louis that their jobs will change or be eliminated, a company spokesman said.
Wachovia, which took over A.G. Edwards & Sons in October, has been going through each department at the securities firm as integrates the two companies. St. Louis will become the headquarters for Wachovia Securities, which has been based in Richmond, Va.
The information technology workers were simply the latest group to receive displacement notices, said Tony Mattera, a spokesman. The notices say that the workers’ jobs will end or be changed by March 2009.
Employees may apply for new jobs that are being moved to St. Louis from Richmond, New York, Chicago or Charlotte, N.C., home of Wachovia Corp., parent of the securities firm, Mattera said.
Mattera said Wachovia believes it will have as many employees in the St. Louis area when the integration process is completed early next year as it had when Wachovia bought Edwards in October.
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My sympathies to all who were cut. After going through the previous layoffs at Edwards, I am glad i wasn’t around for this train wreck. Good luck to you all. I hope you find jobs that are more secure for your futures.