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Citi to transfer jobs from Frederick to Hagerstown

August 19, 2010|By JULIE E. GREENE
  • The Citi site north of Hagerstown
File photo,

Citi's operations north of Hagerstown could get about 148 to 242 new jobs starting this year as a result of the financial company closing its Frederick, Md.-area CitiMortage site, according to information provided Thursday morning by a Citi spokeswoman.

The 940 employees at the CitiMortgage site on Corporate Drive south of Frederick were told Wednesday that most of their jobs will become work-at-home positions or be transferred to Citi's site north of Hagerstown, Citi spokeswoman Janis Tarter wrote in an e-mail to The Herald-Mail.

The numbers have not been finalized, Tarter said in a phone interview.

Job transfers to Hagerstown are expected to begin this fall, Tarter said.

The company expects to leave the Frederick site by the middle of 2011, she said.

"We reached this decision as part of an ongoing evaluation to find ways to increase the efficiency and cost effectiveness of our consumer banking operations while giving employees as many flexible work options as possible," Tarter wrote.

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Citi has about 2,100 employees at the Hagerstown site and about 5,000 employees statewide, she said.

The Hagerstown site has support positions for Citi's credit card business, mortgage business and CitiFinancial consumer lending business, she said. The jobs at the Frederick site are mortgage loan serving positions.

The CitiMortgage jobs in Frederick, and the ones that would come to Hagerstown, are a mix of full-time and part-time jobs, Tarter said.

If some Frederick employees who are to be transferred to Hagerstown choose not to move, Citi officials don't expect that to result in many more job openings in Hagerstown, Tarter said. There are job openings at the Hagerstown site that are unrelated to this move, she said.

Tarter said 70 percent to 80 percent of the 940 jobs will become work-at-home positions. The rest, except for about 40 jobs, will move to the Hagerstown site, she said.

That works out to about 148 to 242 more jobs for Washington County, although the numbers are not final.

"It is nice to have an announcement from one of our local employers that they're actually adding jobs to our community," said Timothy Troxell, executive director of the Hagerstown-Washington County Economic Development Commission.

It is hoped that some of the people affected in Frederick are Washington County residents who won't have to make that morning commute anymore and can work closer to home, Troxell said.

Tarter said Citi officials were working with the Frederick employees to help them explore open jobs within and outside of Citi.

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