Chase Manhattan Corp. said Thursday it will relocate 10% of its New York City workforce, or 3,500 employees, to new or existing operating centers in Texas, Florida, and Massachusetts.

The moves, which affect employees in Chase's treasury services and securities processing units, are to begin next year and will continue through the end of 2003, according to an internal memorandum circulated at the bank Thursday.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.