Laid-Off Pennsylvania Bank Workers to Receive Job Retraining, Placement Assistance

HARRISBURG, Pa., Nov. 2, 2011 /PRNewswire-USNewswire/ -- The state will invest up to $504,000 in National Emergency Grant funds to provide re-employment services to approximately 115 former workers from the Pittsburgh branch of the Federal Reserve Bank of Cleveland, Secretary of Labor & Industry Julia Hearthway said today.

In May and June, the Federal Reserve Bank of Cleveland began consolidating its U.S. Savings Bond operations with the Federal Reserve Bank of Minneapolis, resulting in the layoff of 226 workers.

"The loss of a job can be overwhelming, particularly during tough economic times like these," said Hearthway. "This grant will help these workers update their skills and look for new jobs so they can return to work as soon as possible."

The grant will be operated by the Three Rivers Workforce Investment Board and will help the displaced workers find a new job or enter a training program.

Media Contact: Sean Yeakle, 717-787-7530

SOURCE Pennsylvania Department of Labor & Industry

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