Bank of America (BofA) sent a letter to the Texas Workforce Commission Friday to inform the agency of pending job cuts at its Return and Exception unit located at Elm Street downtown.
In the letter, BofA says 71 associates will be affected when the unit officially closes. BofA plans to offer career transition services, severance pay and benefits.
In a statement addressed to Dallas Mayor Thomas Leppert, BofA says, “Since merging in October 2007, Legacy LaSalle and Bank of America have focused on how best to combine two world-class organizations into one. This involves identifying overlap and finding efficiencies within our operations.”
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