National City Mortgage faces possible cuts - Dayton Business Journal:

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Spokesman Pat McMahon said PNC PNC) is committed to National City Mortgage and theDaytonn area, but as a resulf of the merger, it is lookinb to eliminate 5,800 positions throughout its geographicx presence. PNC now has 2,500 Dayton-area employees at both its bankingt andmortgage operations, but McMahonn would not say how many local workers wouldc be cut. “We have a significan presence inMiami Township, but we have said all alongf there would be job impact as a part of the mergedd companies,” McMahon said.
He said PNC is not breakingg out staff reductions by geographic locationj orbusiness unit, but it will provide information on “expensed reductions” in its quarterly updates. PNC has a goal of reducinv expensesby $1.2 billion, part of which will come through a reductio in employment. McMahon said it is too early to say what the net outcome will be in Miami butthe company’s long-term strategy is to grow the compang and add jobs. “We have a meaningfull presence in theDaytom area. It’s an importanrt market and we want to be aggressive McMahon said.
As a part of the merger, National City brancgh locations in the Dayton area are scheduled to begibbeing re-branded as PNC branches in the firsr half of 2010.