ALBION, N.Y. (WIVB) - Chase Bank is shutting down its mortgage center in Albion, slashing hundreds of jobs.
Come September, nearly 400 workers will be out of a job, as the Orleans County Chase call center closes its doors for good. A Chase spokesman told News 4:
"Fewer homeowners are falling behind on their mortgages, so we need fewer employees to assist those who were struggling."
Village of Albion Mayor Dean Theodorakos said, "It was one of those things that came as a surprise, to say the least."
The mayor says there was no advance notice of this closure and these layoffs will have far reaching effects.
"There are, probably 20 percent or so, of these folks who are village residents and the rest drive in from other places in the county. So it's huge for the village and for the county as a whole. Definitely a blow to local businesses who these people frequent on a daily basis," Theodorakos said.
As the 2008 financial crisis worsened, there was concern JP Morgan would close the facility. Back in 2009, Senator Charles Schumer announced the center would be open for the long haul. But four years later, it's a much different story.
Theodorakos said, "Caught everyone off guard. I think we may have anticipated some downsizing, but I don't think anyone saw a shutdown."
The mayor plans on calling Senator Schumer, first thing Friday morning.
The bank spokesman says they will help these employees find another job at Chase or other local companies.
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