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IberiaBank to lay off 97 Teche Federal workers in New Iberia
Posted on 4/1/14 at 1:25 pm
Posted on 4/1/14 at 1:25 pm
quote:LINK
IberiaBank Corp. plans to lay off 97 workers at Teche Federal Bank’s corporate headquarters in New Iberia, according to documents filed Monday with the Louisiana Workforce Commission.
The layoffs at the Jefferson Terrace Boulevard location are the result of IberiaBank’s acquisition of Teche Holding Co., the holding company for Teche Federal. The layoffs are scheduled to take place in various departments in two two-week periods.
2
Posted on 4/1/14 at 1:46 pm to LSURussian
Well, das wut day get fo puttin' a New Iberia bank in a big city like Lafayette. I had all mah money in City Bank and Trus on Duperier Street. They even had a drive up window if you had a car. And day always put a popsicle in da drawer when day shoved it back to me.
Posted on 4/1/14 at 1:48 pm to Zach
i laughed
Posted on 4/1/14 at 1:48 pm to Zach
quote:I bet that drawer got real messy on hot days.....
And day always put a popsicle in da drawer when day shoved it back to me.
Posted on 4/1/14 at 1:54 pm to LSURussian
Just the beginning
Posted on 4/1/14 at 3:07 pm to LSURussian
Sad situation. I know a few people being affected by this.
Posted on 4/1/14 at 3:35 pm to NewIberiaHaircut
quote:I agree.
Sad situation.
I wonder how many of them believed it when they were told before the merger that no one's job would be affected?
In a small town like New Iberia, almost 100 white collar jobs lost hurts the economy.
Posted on 4/1/14 at 5:08 pm to LSURussian
quote:
I wonder how many of them believed it when they were told before the merger that no one's job would be affected?
The people I spoke with did not believe it at all.
Posted on 4/1/14 at 6:04 pm to LSURussian
quote:
I bet that drawer got real messy on hot days.....
Das true. So day upgraded to a lollipop in 1961. Das wut we call 'innovation.'
Posted on 4/1/14 at 9:18 pm to LSURussian
quote:
I wonder how many of them believed it when they were told before the merger that no one's job would be affected?
I'd be surprised if Iberia even gave a hint of this sentiment. They have a track record of acquiring and slashing and this was a <$1B bank in their backyard with a ton of redundancy, including retail which normally represents the bulk of positions retained.
Sure it's sad for some, but these community banks are being regulated to the point of having to do something to survive. It's either acquire or be acquired for the foreseeable future.
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