Sep 29, 2016 11:31 AM
SALEM- A payment processing department for JP Morgan Chase has plans to close its Salem operation.
Company spokesperson Mary Jane Rogers said that beginning in 2018, the office's 600 local employees may either relocate or be offered a severance package, according to a report in the Manchester Union Leader.
Salem's employees will be able to relocate to Dallas, Texas; Tampa, Florida or Tempe, Arizona. The company plans to consolidate work and locations into 19 global hubs.
Rogers said Thursday, "we will continue meeting with them as more information is available about the timing of the move, relocation opportunities and severance as well. This effort could take multiple years."
The financial giant had plans in 2015 to cut thousands of jobs in a streamlining effort.
Chase Commerce Solutions, which started in Salem in the mid 1980s, became part of the Chase operation through acquisitions.
3 hours 34 minutes agoPublic Works were unable to determine how the cover of a sewer drain became ajar, allowing for a 16-year-old to be swept down the...
4 hours 23 minutes agoRochester Police launched an investigation after a woman found pills inside a vending machine filled with candy and toys for children. (More)
5 hours 6 minutes agoThe missing teen who reportedly ran away from home on Oct. 15 has been found by NH State Police. (More)
8 hours 42 minutes agoAutopsy results of the 16-year-old boy who was swept down a storm drain during heavy rain on Friday night are expected Monday. (More)
11 hours 50 minutes agoHillary Clinton’s taking her show outdoors. The Democratic presidential nominee’s rally Monday afternoon at St. Anselm College will now be held outside, in the...