Outplacement Services Offered to Former Ocean Bank Employees

One local bank recently notified several Florida workers that they would soon be laid off.

Miami-based Ocean Bank told 78 employees last week that they would be losing their jobs. This layoff, combined with 33 employees that recently accepted voluntary severance, reduces the bank's total employee count to about 786 workers.

Those involved in the latest round of layoffs will be offered one week of severance payments for every year of service, outplacement services from an unnamed company and unused vacation pay. All of the employee reductions will result in about $4.3 million in savings per year.