Morgan Chase closing SC office at loss of 450 jobs - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

Morgan Chase closing SC office at loss of 450 jobs

Posted: Updated:

FLORENCE, S.C. (AP) - J.P. Morgan Chase is closing its home mortgage office in South Carolina, putting 450 people out of work.

The company said Thursday that the workers will be laid off during the coming year.

Company spokeswoman Melissa Shuffield says the company is closing the office in Florence, S.C., because of a changing housing market. She said fewer homeowners are struggling with their mortgages and many people have already refinanced.

About 600 employees at the Florence office were laid off in March, and in January the company cut 300 jobs.

Thirty people were laid off in July of last year.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most Popular

Stories
Videos
Powered by WorldNow

ABCNews4 WCIV-TV

888 Allbritton Dr.
Mt. Pleasant, SC 29464
843-881-4444 | Advertising Information

Public Information File

For assistance with accessing WCIV-TV's public information file, click here.

Advertising

Advertising Credit Application and Terms and Conditions PDF.

Powered by WorldNow
All content Copyright © 2014 WCIV and Worldnow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.