150 Plus Employees to Lose Jobs at Former Cabela's Op

Moderators: MKA, Mike M, Caudawg, ash

WB Staff
Posts: 6564
Joined: Thu Jan 26, 2012 10:56 am

150 Plus Employees to Lose Jobs at Former Cabela's Op

Postby WB Staff » Thu Oct 11, 2018 12:00 am

more than 150 people will lose their jobs at Cabela’s former credit card operation.png


More than 150 to lose jobs at former Cabela's operation

LINCOLN, Neb. (AP) - Officials say more than 150 people will lose their jobs at Cabela’s former credit card operation in Lincoln.

Capital One Financial notified the state last week of its plans to lay off 153 employees within two months. A notice is required under the Worker Adjustment and Retraining Notification Act whenever a company plans to lay off a large number of workers

As part of Cabela’s $5 billion sale to rival outdoor outfitter Bass Pro Shops last year, Cabela’s subsidiary World’s Foremost Bank was sold to Synovus Financial, which then sold the Cabela’s credit card portfolio to Capital One.

Capital One said the remaining Lincoln employees will focus on serving customers of the Cabela’s Club credit card.

Return to “Fishing”

Who is online

Users browsing this forum: No registered users and 28 guests