Evansville, Indiana-based Old National Bank, a full-service regional bank, has announced a post-merger reduction in force in connection with its acquisition of Saint Paul, Minnesota-based Bremer Bank.
The reduction will impact 244 employees at the Bremer service center in Lake Elmo, Minnesota. The layoffs are expected to be completed by mid-November and will affect accountants, cybersecurity specialists, legal counsel, payroll administrators, and benefits managers.
According to a company spokesperson, “This action is due to the integration of the Bremer business following its acquisition by Old National Bank. As with most bank partnerships, some unavoidable duplication of roles and responsibilities has been identified. We are pleased to share that more than 900 former Bremer Bank team members will be continuing with the combined organization.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, nor promises of a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, at any time, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?
