if the bank liquidates now una go complain, they are restructuring their bank u peolpe are still complaining. they are not the only bank reducing staff, its happening all over the world. abeg make una swallow una anger.
Where in the world this is happening; one company putting 400 citizens in unemployment in one country? If the company is closing down yes I will agree with you but still in existence no way. Labour law is there to protect employees and the President of Nigeria need to find out what is happening here. Oppression that is what happening in Nigeria and it need to stop.
Ocwen Plans Layoffs at HomEq
Tuesday, September 7, 2010
A few days ago Ocwen Financial officially closed on its $1.3 billion purchase of HomEq Servicing, North Highlands, Calif. The purchase adds $26 billion of servicing rights to Ocwen's base of subprime receivables. (Figures courtesy of National Mortgage News and the Quarterly Data Report.) The seller was Barclays Capital. But like many M&A deals, this one will result in layoffs. According to local press reports, Ocwen is closing HomEq's servicing site in Raleigh, N.C., with 242 employees losing their jobs. Almost 900 servicing-related jobs will disappear from HomEq facilities in California. Ocwen, like some mortgage servicers, has moved a portion of its call centers overseas – to India. Sources told NMN recently that Fannie Mae and Freddie Mac have avoided giving large contracts to specialty servicers that use a large number of overseas workers, but that policy has been relaxed in recent months…
Thats 1,142 individuals that have lost there jobs. It's happening all over the world, not just in Africa.
Posted: at 16-10-2010 03:35 PM (13 years ago) | Newbie |
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