An improving real estate market is resulting in the lay-offs of some employees who provide mortgage services.
Wells Fargo spokesman Steve Carlson says the 53 employees being shown the door in the company’s Springfield office will be given other opportunities within the company.
“Team members were given a 60 day notice. If they are unable to find a job within Wells Fargo, they will eligible for termination benefits,” Carlson says.
Carlson says the employees can remain on the payroll for two more months. He points to declining foreclosures for the cuts.