Washington Mutual Closing Austin Center, Eliminating 220 Jobs

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00001480-washington-mutual-closing-austin-center-e/

And the Washington Mutual jobs keep falling. The Seattle-based savings and loan bank is cutting 220 jobs from its Austen, TX, center, according to a story running in the Austin Business Journal. This comes little more than a week after it was reported that Washington Mutual would also be cutting 1,400 jobs in Washington state and Florida.

According to Washington Mutual spokesman Alan Elias, the company’s credit card portfolio has performed increasingly well, meaning the company needs fewer collectors to garner payment. That’s largely because the company has moved away from riskier, sub-prime lending to add customers with a more proven credit record, Elias says.

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