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Shareholder services firm to cut 156 jobs in Pittsburgh
[August 08, 2012]

Shareholder services firm to cut 156 jobs in Pittsburgh

Aug 08, 2012 (The Pittsburgh Tribune-Review - McClatchy-Tribune Information Services via COMTEX) -- Computershare Ltd. will close its Downtown office by June and lay off all 156 employees, the Melbourne, Australia-based company said on Tuesday.

It acquired the Pittsburgh operation when it bought the Shareowner Services unit from Bank of New York Mellon Corp. in January for $550 million.

Computershare will begin transferring the work from Pittsburgh to other offices it runs in the United States, starting Sept. 30, spokesman Jeff Stein said.


"It's a general consolidation of facilities," he said. The company also is closing a call center in Edison, N.J., as part of the consolidation.

The Shareowner Services unit provides a variety of services to people who own public company stock, such as sending dividend payments, proxy statements and other materials.

At the time of the acquisition, the unit employed a total of 900 people and had offices in College Station, Texas, Troy, Mich. and Jersey City, N.J., in addition to the Downtown location. Computershare operated 12 U.S. offices, including in New York, Chicago, Los Angeles and Cleveland, and had 10,000 employees worldwide.

Stein said that while Computershare is closing the Edison call center, the Jersey City operation will remain.

Pittsburgh employees will have the opportunity to apply for Computershare jobs in other locations, Stein said.

As required under the federal Worker Adjustment and Training Notification Act, Computershare notified state officials of its plan to close the Downtown office, 500 Ross St., and lay off workers.

Alex Nixon is a staff writer for Trib Total Media. He can be reached at 412-320-7928 or anixon@tribweb.com.

___ (c)2012 The Pittsburgh Tribune-Review (Greensburg, Pa.) Visit The Pittsburgh Tribune-Review (Greensburg, Pa.) at www.pittsburghlive.com/x/pittsburghtrib Distributed by MCT Information Services

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