About 1,000 people will lose jobs when a mortgage and consumer banking office in the Cleveland suburb of Beachwood closes Oct. 31. Beachwood Mayor Merle Gorden says those facilities are owned by The Cleveland Clinic, and the city hopes to explore whether the Clinic’s operations could expand to the affected spaces and employ some of the laid-off workers.
Workers will receive severance packages. The Plain Dealer reports transfer opportunities for them are limited because North Carolina-based Bank of America has no similar operations in the Cleveland area.
Another office in Independence with 55 employees will close Oct. 31 as well.
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