A week after Bank of New York Mellon Corp. said it is slashing expenses by $650 million, Sen. Bob Casey wrote bank CEO Gerald Hassell urging him to spare Pittsburgh from those cuts.
"I ask you to consider your history in the Pittsburgh region and do all you can to maintain jobs in Pennsylvania," said the senator's letter, referring to T. Mellon & Sons' founding in 1869. BNY Mellon employs 7,760 people in the Pittsburgh area out of 48,000 worldwide
Bank spokesman Ron Gruendl declined to comment about the letter but noted BNY Mellon has added 250 area jobs this year. "Pittsburgh will continue to benefit from being one of BNY Mellon's global delivery centers," he said.
In early August, then-CEO Robert Kelly said BNY Mellon Corp. would cut about 1,500 jobs, or about 3 percent of its global work force, starting this fall to reduce rising operating costs, Kelly resigned about three weeks later.
Hassell reiterated the bank's intent to cut overhead, vowing on Nov. 14 to cut $650 million in costs but without stating the number of job losses.