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Financial Industry Jobs in SA May Take a Hit

By September 30, 2008

With the recent buyouts of both Wachovia and Washington Mutual, thousands of San Antonio jobs may be at risk.

Both Wachovia and WaMu had large call centers here in San Antonio with a combined 6,300 locals employed. With CitiCorp (Wachovia's buyer) already having a large call center here as well, even more jobs could be at risk as operations are sure to combine, with excess workers being shed.

Nobody knows what the future holds, but workers have been assured that they will have at least three more months (the time it takes for the deal to be finalized) before any changes are made. For more information, you can go to CitiGroup's website to read the official press release.


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