Pittsburgh-based PNC Financial Services elaborated this week on how many of job cuts will be distributed throughout Maryland.
PNC last month announced that its restructuring following its acquisition of Mercantile Bankshares would result in job losses.
The job cuts will include 323 cuts at a former Mercantile facility in Linthicum near Baltimore-Washington International Airport, as well as 80 in a downtown Baltimore office and 51 at Farmers & Mechanic Bank in Frederick.
There also will be additional cuts scattered throughout Mercantile’s former territory, which includes the District and Virginia, according to PNC spokesman Fred Solomon.
“We’re not putting an exact number on this because we expect to see some growth and potential for redeployment,” Solomon said. The company has 200 open positions in Maryland itself, including sales positions in corporate banking, he said.
The specifics of the cuts were initially revealed in filings to the Maryland Department of Labor, Licensing and Regulation, Solomon said.
The company will be building a new local headquarters, which is expected to house nearly 200 employees, in downtown Washington by 2010.
