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Student loan company eliminates 91 positions

2008-12-11 30 Dailymotion

www.EmploymnetCrossing.com<br /><br />Student Loan Corporation, a company providing both government sponsored and private education loans, will cut 91 positions in a restructuring move aimed to cut costs.<br />Sixty-nine of the positions will be at Student Loan Corp. and 22 will be at Citibank N.A. That provides support to the company.<br />The company added that the majority of the positions will be eliminated this month.<br />Human resources counseling, severance, and other benefits will be provided to those affected. <br />The announcement comes on the heels of news that 533,000 jobs were lost in November, the most in 34 years.

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