Bank to reduce 50 positions locally

Bank of America will reduce staff by 50 positions at its Legacy Asset Servicing unit in Fort Worth, the bank said in a letter to the Texas Workforce Commission received on Sept. 25. In a Worker Adjustment and Retraining Notification Act letter to the TWC, Bank of America officials said it began notifying affected employees on Sept. 18 and expects the layoffs to be complete by Nov. 17. About 29 of those employees are eligible for career transition services, severance pay and benefits, according to the letter. Bank of America’s Legacy Asset Servicing unit is located at 5401 N. Beach St. That group has seen other layoffs recently as part of the bank’s plan to reduce jobs around the country. In March, the Fort Worth unit saw 58 positions eliminated.