Posted Aug 14, 2017, 7:04 PM
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Moderator
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Join Date: Oct 2011
Location: Philadelphia
Posts: 18,365
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Quote:
Originally Posted by summersm343
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Updated article:
PHH: South Jersey headquarters workforce to be cut by 700
Quote:
On Monday, a company spokesman provided clarity on the impact to be felt at Mount Laurel, where PHH will reduce headcount from 1,900 to under 1,200. Virtually all of those reductions will occur via layoffs
Dico Akseraylian, senior vice president for marketing and communications at PHH, said about half of the 2,250 cuts happening company-wide before 2019 are due to the sale of two units to other companies and about half of those individuals have been offered roles with their new employers.
PHH had transferred jobs from upstate New York to Jacksonville last year. Akseraylian said the company will now largely exit Jacksonville as well, save for a small number of telecommuters.
With New York and Jacksonville largely being eliminated from the equation, the overwhelming number of jobs left at the company will be in Mount Laurel.
Of the 3,500 jobs at the company at the end of last year, 1,900 were located in its Mount Laurel headquarters. Akseraylian said he expects about 600 South Jersey employees will be laid off with a small number also heading to Guaranteed Rate.
Akseraylian said the company will most likely sublet space after the job cuts take place. He said PHH has no plans to leave its headquarters, let alone South Jersey, where it will have a little less than 1,200 employees. The remainder of the employee base will be telecommuters from all over the country.
“I also think it’s important to note that we plan to grow after we get down to 1,250 employees,” Akseraylian said. “We are already one of the largest sub-servicers today and we hope to grow.”
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https://www.bizjournals.com/philadel...-servicer.html
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