Job cuts hit solar, beauty industries
Two tri-county employers on Sept. 2 confirmed job cuts that could eliminate 260 positions. SolarWorld Industries America, the U.S. subsidiary of a major German maker of solar energy systems, said it is shuttering production at its Camarillo plant and cutting 186 jobs. Mentor Worldwide, a Santa Barbara-based breast implant maker that was acquired by Johnson Read More →
700 BofA jobs at stake in Ventura County
About 700 jobs in Thousand Oaks and Westlake Village are in peril as Bank of America prepares to sell or shutter the correspondent-lending arm of its mortgage business. “We intend to sell the correspondent mortgage lending division or, if a suitable deal is not identified, we will consider other options, including winding down the correspondent Read More →
Area banks hiring
After posting mostly solid first-quarter earnings, banks in the region are scouting for resumes again. Three of the largest firms in the region are looking to fill more than 300 open positions among them.
Mozilo will pay $67.5 million to settle fraud case
Angelo Mozilo, the founder and former CEO of Countrywide Financial, will pay $67.5 million to settle civil charges brought by the U.S. Securities and Exchange Commission, the largest such settlement in SEC history, the agency said. In a settlement approved in federal court on Oct. 15, Mozilo agreed to pay $22.5 million in penalties and Read More →
