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Bank Of America Announces Job Cuts In Ventura County

Posted on Thursday, January 17, 2013 1:00am

A major bank says it’s going to eliminate 51 positions in Ventura County, ironically because the economy is improving.

Bank of America says it will eliminate the positions at a Simi Valley facility which handle load defaults. Bank officials say they’ve had a drop in delinquent loans, and as a result, a reduced need for services. The company says it will try to place as many workers as possible in other positions, and assist those being laid off with career counseling assistance.

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