Market Pulse Archives

April 6, 2020, 2:59 p.m. EDT

Fifth Third to hire 1,000 employees, with starting wage of $18 an hour

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

SPX

Fifth Third Bancorp said Monday that it is hiring for nearly 1,000 jobs in retail banking, mortgage support and operations, including a "significant number" in Cincinnati, where the bank is headquartered. The bank said the number of new jobs will include 500 in retail, 350 in mortgage sales and 100 in operations. The starting wage is $18 an hour, and a benefits package is provided. And on-site employees hired by May 10 will be eligible for up to $1,000 in additional special payments. "To help slow the spread of the [COVID-19] virus, Fifth Third has transitioned some roles to remote work locations," the company said in a statement. "Many of the Bank's customer-facing employees, however, continue to work on-site to meet the needs of customers with enhanced social distancing and protective measures in place." The stock, which soared 13.5% in afternoon trading amid a broad stock market rally, has still lost 50% of its value year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.12% has shed 18.5%.

/zigman2/quotes/210599714/realtime
US : S&P US
3,319.47
-37.54 -1.12%
Volume: 4.09B
Sept. 18, 2020 5:15p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.