Rocky Mount To Lose 425 Jobs In PNC Transition

The new owner of Raleigh-based RBC Bank (USA) is planning to shed more than 600 jobs in North Carolina when the purchase is complete.

PNC Financial Services Group filed notice with the state Department of Commerce Friday announcing plans to cut 425 jobs in Nash County and nearly 200 positions in Wake County in March.

That's the month Pittsburgh-based PNC expects to complete its $3.45 billion purchase of the U.S. retail operations and credit-card assets of the Royal Bank of Canada.

When it announced the purchase last June, PNC said the transaction would give it a total of 2,870 branches and make it the fifth largest U.S. bank.

A call to PNC's headquarters was not immediately returned late Friday.

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  • by Barlow Location: Winterville on Jan 7, 2012 at 02:36 PM
    Gotta love the big corporate "job creators". Someone is planning to do some 'trickling"
  • by obamanot on Jan 7, 2012 at 08:23 AM
    No problem here!These people won't be counted as unemployed in 99 weeks.Heck the way the obama mania media spins mess they probably won't be counted PERIOD!
  • by Steve Location: Ayden on Jan 6, 2012 at 06:21 PM
    Layoffs at Boeing, Eli Lilly, Pepsi, Sears, Kmart, 500,000 job cuts to the military by obama and now these jobs at RBC. They have the complete lack of integrity to report the unemployment rate fell when we have the lowest level of job participation in history and the highest level of people on welfare. He is treating us all like his subjects and the sad irony is that most of the Rocky Mount population voted for him.
    • reply
      by Anonymous on Jan 6, 2012 at 07:27 PM in reply to Steve
      Tell me excalty what McCain and the Republicans would have done to change the course of the economy or prevent PNC from buying RBC Bank and preventing these layoffs? Most of these things were going to happen under any President and if not the same events others would have.
      • reply
        by Frank Sinatra on Jan 6, 2012 at 09:40 PM in reply to
        It is not what McCain would have done it's what Obama has not done.
      • reply
        by Lee on Jan 7, 2012 at 08:17 PM in reply to
        I feel ya....exactly what I think. Any President would be faced with these same problems. Forget about party lines! Come together!
  • by George Location: Greenville on Jan 6, 2012 at 05:38 PM
    And some say that the economy is improving.
  • by pete Location: grifton on Jan 6, 2012 at 05:36 PM
    Bomanomics at work again,will the unemployment go up? DUH! HUH!

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