On Air Now

Listen

Listen Live Now » 103.7 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
77° Feels Like: 79°
Wind: ENE 10 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy 86°

Tonight

Mostly Cloudy 69°

Tomorrow

Isolated Thunderstorms 87°

Alerts

Fidelity to cut nearly 500 printing and mailing jobs

BOSTON (Reuters) - Fidelity Investments, the No. 2 U.S. mutual fund company, told employees this week it will cut about 460 jobs, or 1 percent of its workforce, at its printing and mailing operations in Kentucky and Texas.

Boston-based Fidelity is moving the work to a third-party provider, Broadridge Investor Communications Solutions, the company said in a statement issued on Thursday.

Fidelity said it decided to outsource the work because more customers are receiving their statements and other investment-related materials electronically.

(Reporting by Tim McLaughlin; Editing by Dan Grebler)

Comments