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Rating:Fido (Again) Moves Jobs From Boston Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, July 22, 2011

Fido (Again) Moves Jobs From Boston

News summary by MFWire's editors

Fidelity Investments[see profile] won't be winning any brownie points with Massachusetts politicians anytime soon. That's because the Boston Behemoth is once again moving jobs out of Boston to other states, The Boston Globe reports.

The firm in March already unveiled plans to move over 1,000 jobs out of its Marlborough base by the end of next year. Now Fidelity reportedly plans to move between 80 and 100 jobs in its pricing and cash management services unit from offices on the South Boston Waterfront to Texas and New Hampshire by the end of next year, according to Fidelity employees in the unit or with direct knowledge of the plans. The firm is also considering moving some attorneys and other professional staffers to other locations across the country to be closer to the business units they support.

“Fidelity is a large company with many different business units,’’ Fidelity spokesman Vincent Loporchio, told the pub. “Our businesses are actively managed, and we often have employees moving from one location to another.’’ 

Edited by: Hung Tran

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