Wells Fargo to lay off workers in Birmingham area

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BIRMINGHAM, Ala. (AP) — Wells Fargo officials say they plan to lay off several employees in Alabama.

Company executives told WBRC-TV (http://bit.ly/16dGn6O) that the firm will be letting go of 365 employees in the Birmingham area.

The company says the positions are within its mortgage department, and the decision was the result of decreasing demand for home refinancing across the nation.

Company officials say they will share any open positions within Wells Fargo with the more than 300 employees. They say that if an employee is unable to find another job within Wells Fargo, the company will provide separation benefits. Those benefits include health insurance and salary continuation based on service with Wells Fargo.

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Information from: WBRC-TV, http://www.myfoxal.com/




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