Wells Fargo to close Salem office, laying off 221 workers
Good evening, Salem.
More than 200 local workers got a pink slip just before the holidays.
Wells Fargo notified the state that it intends to close its Salem office in late 2025 - one of the largest local layoffs in recent memory.
The company is staying mum about its reasons, but the news wasn't a surprise to local business executives, who said it likely reflect the bank's challenges in commercial real estate, especially in smaller cities.
With a long notice period and low unemployment locally, local leaders are optimistic the workers affected can find new jobs in Salem. Read more in our story below.
Here's some of today's news. You can read all our latest coverage anytime on our website.
Wells Fargo notified state officials on Tuesday that it will close its office in southeast Salem and lay off 221 workers by late 2025. The move comes as the bank…
Freres Lumber Co, based out of Lyons, is helping boost the rising mass timber market with its own wood product known as mass ply. It’s been used on several recent…
Salem city councilors will vote Monday on spending $65,000 to settle workers’ compensation claim by a former police officer, and $75,000 to settle a pending lawsuit from a former Salem…
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