MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, February 1, 2008 Fido Cuts Former FESCo Units Deeper Yesterday, Fidelity said that it would be making another round of 250 job cuts from the units that were previously part of Fidelity Employer Services Co., the Boston Globe reports. The cuts will affect 100 Boston-based employees. FESCo was restructured by Fidelity's president Rodger Lawson who put the emphasis on lower prices for customers. The official word the pub got from Fidelity spokeswoman Anne Crowley, is, "the recent merger of our workplace investing and retail divisions created opportunities to reduce some duplication and align resources." This is the second cut in three months from the units that were formerly part of Fesco, in November Fidelity made 200 job cuts from the same areas. Printed from: MFWire.com/story.asp?s=17287 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |