Bridgeport-based People s United Bank to lay off 747 workers
Luther Turmelle
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The People’s United Bank headquarters in downtown BridgeportNed Gerard / Hearst Connecticut Media
Buffalo-based M&T Bank has told state officials it will lay off 747 People’s United Bank employees starting Oct. 1 as part of the merger between the two financial institutions.
M&T officials notified Connecticut Department of Labor officials in a letter received by the agency Thursday. The layoffs will be spread out over 16 locations across Connecticut and will be implemented over a period from Oct. 1 to May 20, 2022, according to the federal Worker
Adjustment and Retraining Notification received by the agency.
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