CUNA Mutual Announces 60Lay-offs

October 31, 2005, 1:00 a.m. EST 1 Min Read

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MADISON, Wis. - (10/31/05) -- CUNA Mutual Group said Friday itnotified 60 of its employees the day before that their jobs will beeliminated sometime after Jan. 1. That includes 35 union jobs. Thelay-offs are part of a three-year plan by the credit union insurerto transform back-office operations and save costs, a companyspokesman told The Credit Union Journal. The lay-off announcementsfollow a deal earlier this month to sell the company's mortgagebanking operations and eliminate its 160 jobs.

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