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First Niagara eliminating 150-200 jobs

First Niagara Bank announced it's restructuring the company by cutting between 150 and 200 managerial positions. No indication when or where the cuts will take place or if any of the more than 2,000 employees in Western New York will be involved.

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First Niagara is eliminating 150 to 200 jobs as part of managerial restructuring.

A spokesman tells 7 Eyewitness News the positions represent less than three percent of the bank’s total workforce and is part of their strategic investment plan for growth.

According to the spokesman, the cost savings from the restructuring will allow the bank to reinvest in other areas to enhance the customer experience.

Even while these positions are being eliminated, the bank is actively recruiting for more than 200 open jobs.

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First Niagara eliminating 150-200 jobs

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