BAXTER -- Universal Pensions Inc. announced today that 30 positions have been identified for layoffs.
The announcement follows the sale of UPI to BISYS Group Inc. last week. A transition team has been in the Brainerd area to look at redundant positions between UPI and BISYS.
Affected employees were notified of the results in meetings Monday. UPI currently employs 480 and of that number 460 are in Brainerd and Baxter. BISYS employs 4,500 associates nationwide.
Kelly Law, BISYS vice president of human resources for the Investment Services Group, said the layoff was a singular event.
"It was a one-time event and it's done," Law said.
Layoffs affected employees in marketing, human resources, finance, legal and information technology areas.
Law said in some instances employees were offered other positions that matched their skills or experience and were given 24 to 48 hours to think about their interest in those jobs.
UPI currently has 25 job openings in Brainerd, most in the recordkeeping area which employs about 270.
Other affected employees were encouraged to inquire about the internal positions in Brainerd and throughout BISYS. A professional firm was hired to come in two weeks from now to work with employees on resume writing, interview skills and job searches.
Law said salary and benefits will continue if the employees are not placed. Those benefits vary based on an employee's position and longevity with the company.
Timing for elimination of the jobs extends from mid-June through September. All affected employees were given at least a two-week working period before being laid off.
The affected employees have been with the company for a variety of years. Four employees have more than five years of service.
Tom Rutske, UPI human resources director, said he thought employees were prepared after the announcement of the sale and one-time layoffs last Friday. Rutske said employees were gracious and understanding.
Law will be looking at redundancies in BISYS' offices in Ambler, Pa., next week. UPI, which will change its name at the end of the year, now works with the Ambler operation in BISYS' Retirement Services division. When the sale of UPI was announced, BISYS reported an expectation for layoffs with fewer than 5 percent of employees at Ambler and UPI affected.
Today Law said the behind-the-scenes message is that the combined company is part of the community. And, he said, with an expectation for 20-percent annual growth, there will be job additions in the future.
"We are really hoping to get back to business as usual," Law said.
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