1st Fidelity laying off about 30 Credit card operation pruned

October 05, 1995|By Bill Atkinson | Bill Atkinson,SUN STAFF

About 30 First Fidelity Bank employees in the company's Baltimore credit card operation received pink slips this week, a spokeswoman for the bank confirmed yesterday.

The employees, who worked for Baltimore Bancorp before it was acquired last November by the Newark, N.J.-based company, include secretaries and individuals who collect funds from delinquent credit card customers. Before the acquisition, the credit card division employed about 70 people, said Marnie Lamberson, the spokeswoman.

"Several different areas don't need to be doing the same function," she said.

Ms. Lamberson said the jobs will be eliminated early next year.

Since First Fidelity acquired Baltimore Bancorp, about 500 of the latter's 1,111 employees either have been fired or have resigned.

On Tuesday, First Fidelity shareholders voted overwhelmingly to merge with First Union Corp. of Charlotte, N.C., in a move that bank officials said could result in more, but minimal, personnel cuts.

The employees being laid off will have the first opportunity to interview for credit card positions in Miami and Jacksonville, Fla., and North Wilkesboro, N.C., or for any other jobs in the First Union/First Fidelity network.

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.