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Hundreds of SBB&T Employees Being Laid Off (Up to 600 in Southern California)
KEYT-TV ^ | November 29, 2012 | Beth Farnsworth, C.J. Ward and Victoria Sanchez

Posted on 11/29/2012 8:47:46 PM PST by 2ndDivisionVet

UPDATE - KEY News has learned as many as 600 Santa Barbara Bank & Trust employees working at branches from Ventura to San Jose will lose their jobs. Three hundred fifty of those workers are from the Santa Barbara area.

The layoffs are part of the consolidation between SBB&T and Union Bank.

An official with Santa Barbara Bank and Trust confirmed to KEY News Thursday morning that employee staff notifications are underway.

KEY News has learned that the notifications started going out Wednesday.

"I think most people were expecting the worst but had hope that this wasn't going to be the case because there was not clear communication, no heads up of what your employment status would be. I think a lot of people went in with optimism and definitely were shut down," said an anonymous employee.

When asked if those notifications include any layoffs, Santa Barbara Bank and Trust Spokeswoman Debbie Whiteley declined to comment, but did say she'd have more information Friday...

(Excerpt) Read more at keyt.com ...


TOPICS: Business/Economy; Local News
KEYWORDS: banking; california; layoffs; recession

1 posted on 11/29/2012 8:47:55 PM PST by 2ndDivisionVet
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To: null and void

bump


2 posted on 11/29/2012 8:52:57 PM PST by GeronL (http://asspos.blogspot.com)
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To: 2ndDivisionVet

“so it was just really sad”

Kinda like the whole State of California.


3 posted on 11/29/2012 8:56:42 PM PST by technically right
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To: 2ndDivisionVet

Death spiral state.


4 posted on 11/29/2012 8:57:46 PM PST by ClearCase_guy (Global Warming is a religion, and I don't want to be taxed to pay for a faith that is not mine.)
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To: 2ndDivisionVet

I was in Santa Barbara last weekend....not sure how a bank teller can afford to live there..even with a job. Maybe they live over the hill. But what a gorgeous place.

I’d feel a whole lot worse for them if I weren’t fairly sure they voted for Obama.


5 posted on 11/29/2012 9:23:11 PM PST by Aria ( 2008 & 2012 weren't elections - both were a coup d'etat.)
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To: 2ndDivisionVet

Obama voters.


6 posted on 11/29/2012 9:30:43 PM PST by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: 2ndDivisionVet

well, as long as upper management got their six and seven figure bonuses, things are swell.


7 posted on 11/29/2012 10:39:40 PM PST by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: onyx

Yep, they voted for this.


8 posted on 11/30/2012 3:46:22 AM PST by DooDahhhh (ma)
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To: Aria

That’s the way liberals do it.

They scream against any kind of “discrimination”, but they keep their areas exclusive by making is impossible for anyone who isn’t wealthy to afford anything - in a lib area, everything is taxed to death, and wages and products are artificially inflated by government controls and restrictions.

So those without cash and not on the gravy train are excluded from the paradise.

Wouldn’t bother me (it’s the way of the world) if the snots who lived there weren’t screaming about giving the poor their “fair” share all the time, the hypocrites.


9 posted on 11/30/2012 3:55:21 AM PST by I still care (I miss my friends, bagels, and the NYC skyline - but not the taxes. I love the South.)
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