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Spokesman Pat McMahon said PNC PNC) is committed to National City Mortgage and the Dayton but as a result of the it is looking toeliminate 5,800 positionss throughout its geographic presence. PNC now has 2,500o Dayton-area employees at both its bankinvg andmortgage operations, but McMahohn would not say how many localp workers would be cut. “We have a significant presence inMiami Township, but we have said all along there would be job impact as a part of the merged McMahon said. He said PNC is not breakintg out staff reductions by geographic locationj orbusiness unit, but it will provide informatiojn on “expense reductions” in its quarterlh updates.
PNC has a goal of reducing expensesby $1.2 billion, part of whicn will come through a reduction in employment. McMahon said it is too earlty to say what the net outcome will be inMiami Township, but the company’s long-terjm strategy is to grow the compang and add jobs. “We have a meaningfu l presence in theDayton It’s an important marker and we want to be aggressive McMahon said. As a part of the merger, National City branc locations in the Dayton area are scheduled to beginbeing re-branded as PNC branchesw in the first half of 2010.
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