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300 layoffs expected after Metavante Technogies closing in Milwaukee


MILWAUKEE, WI (WTAQ) - The Florida-based company which bought Metavante Technologies four years ago says it plans to cut 301 employees when it shuts down operations in Milwaukee.

Positions will start being eliminated some time after July 1st, continuing until November 1st.

FIS informed the Wisconsin Department of Workforce Development of its plans in a letter.

It says services from its Milwaukee office will be consolidated with other FIS locations.

The company closed its Madison operations three years ago. That eliminated almost 160 jobs.