Washington Mutual Inc. will provide severance packages and job search assistance for the 600 employees to be let go with the closure of its Chatsworth loan-processing center, the company said Thursday. This was the second round of layoffs to hit the banking company, following last month’s announcement that 1,000 jobs would be transferred out of the state with the closing of a call center. “They will be getting severance and job search assistance will be made available to them,” Washington Mutual spokesman Tim McGarry said. The job assistance will include resume preparation and counseling on job hunting skills, McGarry said. In addition, the City of Los Angeles has also offered to help the laid-off workers to find new jobs, McGarry said. The layoffs are part of a plan by the company to increase efficiency and productivity through relocating office support functions, consolidating offices, and outsourcing, McGarry said. Altogether, Washington Mutual is closing 10 offices nationwide and consolidating the loan-processing service to 16 other offices. The job reductions will be offset by new hires at the other offices, the company said. “Chatsworth is the largest loan fulfillment center to be closed under this program,” McGarry said. The two layoffs account for more than half of Washington Mutual’s 3,000 employees working in Chatsworth.
WaMu Promises Job Search Assistance