Madison-based AnchorBank is cutting 14 percent of its workforce as
part of an effort to save money.
State Journal (http://bit.ly/1Ny9MAW
) reports AnchorBank is eliminating 101 jobs over the next three
months. The company says 78 employees will leave by Sept. 30 after
they took a voluntary separation package. Another 23 jobs will be
cut with the closing of six bank branches.
spokeswoman Jennifer Ranville says some of the job cuts will be
replaced over time, while others will be consolidated or left
parent company says the cuts and the planned sale of a Winneconne
(win-uh-KAH'-nee) branch would save about $5.4 million a year.