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August 4, 2009
National City Mortgage in Miami Township is laying off 74 people, a result of its merger with PNC Financial Services Group Inc.
The layoffs, expected to be permanent, will begin Sept. 30 and wind up at the end of the year.
The employees have been notified that their current positions have been eliminated. Positions range from systems analysts to mortgage operations managers. This is the first time since PNC acquired National City at the end of last year that a Worker Adjustment and Retraining Notification Act notice was sent to the Ohio Department of Jobs and Family Services for the Miamisburg location.
Fred Solomon, a PNC spokesman, said there will be a net gain of PNC jobs at the Miami Township location. PNC’s residential mortgage banking unit, which National City Mortgage is a part of, added 97 employees between March 31 and June 30.
Solomon said PNC is not disclosing the number of employees that were located in Miami Township when the bank acquired National City, but he did say there will be more than 1,400 employees in Miami Township once the two banks have integrated.
As of February of last year, National City Mortgage in Miamisburg employed as many as 2,400 people.
PNC (NYSE: PNC) acquired National City Mortgage parent National City Corp. on Dec. 31.
The WARN notice cites redundancies between National City and PNC operations as the catalyst for the elimination of certain businesses.
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