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By Marlize van Romburgh / Friday, September 9th, 2011 / Banking & Finance, Banking Industry, Technology, Top Stories, Tri-County Economy / 3 Comments
By Stephen Nellis and Marlize van Romburgh on September 9, 2011 Nearly 1,000 jobs are either at risk or being cut in the Tri-Counties in manufacturing, medical device research and finance. On Sept. 1, Bank of America said it planned to sell or shutter its correspondent lending arm, imperiling as many as 700 jobs in Read More →
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By Marlize van Romburgh / Thursday, September 1st, 2011 / Banking & Finance, Banking Industry, Latest news, Tri-County Economy / Comments Off on 700 BofA jobs at stake in Ventura County
About 700 jobs in Thousand Oaks and Westlake Village are in peril as Bank of America prepares to sell or shutter the correspondent-lending arm of its mortgage business. “We intend to sell the correspondent mortgage lending division or, if a suitable deal is not identified, we will consider other options, including winding down the correspondent Read More →
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By Stephen Nellis / Friday, May 20th, 2011 / Top Stories, Tri-County Economy / Comments Off on SLO firm making job cuts
San Luis Obispo drone maker AeroMech Engineering is laying off about 20 percent of its work force.
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By Stephen Nellis / Friday, May 6th, 2011 / Top Stories, Tri-County Economy / Comments Off on Smaller firms win in defense makeover
The defense industry in the Tri-Counties is headed for its biggest shakeup in decades. Longtime players are cutting jobs while younger firms see growth as the Pentagon draws down its two foreign wars and focuses on strategic threats. Raytheon, a major Goleta employer, confirmed layoffs that will affect about 160 of its jobs in Goleta. Read More →
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By Tony Biasotti / Friday, January 7th, 2011 / Tri-County Economy / Comments Off on Postal Service weighs cuts in Oxnard
The U.S. Postal Service is considering closing its processing and distribution facility in Oxnard and moving the work to its Goleta facility, a move that would save about $1.8 million and cost the region 79 jobs. The Postal Service has scheduled a public meeting for Jan. 20 in Oxnard to review the proposal. At that Read More →
