GE Money Layoffs Job Cut: may fire 250 employees

First it was GE Security Layoffs Job Cut and then it was GE Aviation Layoffs Job Cut. Now, The news is from GE Money, the division which provides private-label credit cards to retailers, is reported to be going for layoffs. The news is not good for the employees of the GE Money as the organization is going for job cuts. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat.
How many employees may be fired in the GE Money layoffs?
As per the reports, there are going to be 250 job cuts by GE Money.

What is the total no. of employees of GE Money?
The total no. of employees of GE Money is not known as of now.

What will be the cost and savings by GE Money layoffs?
No information available on the cost and savings by the GE Money layoffs.

When will the GE Money layoffs happen?
The layoffs will be completed by June 29, 2009.

Which locations and department of employees will be affected by the GE Money layoffs ?
The layoffs would mainly be in the Tampa office where ALL the employees will be laid off (customer service center at 3802 Northdale Blvd)

What is the primary reasons for GE Money layoffs?
The reason being quoted is the GE Money is consolidating some of its customer service operations into other offices and hence all the work being done in Tampa will now move to GE Money center in Kansas.

Any other news about GE Money layoffs
As per TBO, Workers at the Tampa call center will be offered severance payments, job placement assistance and career counseling.
Let's hope that alternative jobs are available to the affected employees of GE Money Layoffs Job Cut