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Wells Fargo moves jobs abroad after U.S. layoffs, government says

Wells Fargo moves jobs abroad after U.S. layoffs, government says

Wells Fargo & Co. (WFC.N) has been hiring overseas after pledging to eliminate thousands of jobs, according to a Department of Labor investigation.

The department determined that American employees who have been laid off in Wells Fargo’s customer account management unit after Sept. 28 will be eligible for government aid under the Trade Adjustment Assistance (TAA) programme. The programme provides weekly income and training to help workers displaced by global trade find new jobs.

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