M&I laying off 170 workers in Appleton - WAOW - Newsline 9, Wausau News, Weather, Sports

M&I laying off 170 workers in Appleton

APPLETON (AP) -- Marshall & Ilsley Bank says it's eliminating 170 jobs in Appleton, moving at least some of them to Brookfield.

The company said Wednesday it is consolidating operations in Brookfield, about 100 miles south of Appleton.

The move will create 135 positions in southeastern Wisconsin. M&I district president Bill Braun says displaced Appleton workers will be offered positions in Brookfield first, and will be offered a severance package if they decline.

Braun says M&I has been considering for years a move to consolidate some of its backroom operations. He says the move will save money and increase efficiency.

M&I will have about 700 workers in the Fox Valley region after the consolidation.

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