Citizens Bank to Eliminate More Than 100 Positions in Bridgeport

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    NEWSLETTERS

    TK
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    The board authorized the layoff notices during a Tuesday night meeting, but offered some suggestions for mitigating the cuts

    A Bridgeport bank is planning layoffs.

    Citizens Bank filed information with the Connecticut Department of Labor on May 29 stating that the company will be eliminating 125 positions between Aug. 1 and Oct. 24.

    A company spokesman provided confirmation of staff reduction plans.

    “As part of an effort to manage costs and improve efficiency, we are eliminating some positions in our Bridgeport office," Jim Hughes, a spokesman for Citizens Bank, said. We are working closely with impacted colleagues to provide severance benefits and outplacement and career assistance. Eligible colleagues also will be given priority consideration for open positions.”

    The Bridgeport location will remain open, according to the Department of Labor.