APPLETON, Wis. (AP) -- Wells Fargo plans to lay off 30 workers in Appleton as mortgage refinancing slows.
The San Francisco-based lender said Wednesday it has given 60-day layoff notices to 925 mortgage division employees nationwide, including the Appleton workers.
A company spokeswoman tells Post-Crescent Media the layoffs are due to the decrease in mortgage refinancing throughout 2012 and early 2013.
The spokeswoman says Wells Fargo is committed to retaining as many workers as possible and is working with them to find other positions in the company.
Wells Fargo has been trimming its mortgage staff after a recent bump in interest rates slowed consumer demand for refinancing.
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