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WEX to cut, furlough employees

WEX Chief Human Resources Officer Melanie Tinto says the company is adjusting operations and reducing or furloughing 5% of its workers

PORTLAND, Maine — One of Maine's largest employers notified workers of layoffs and furloughs.

Chief Human Resources Officer Melanie Tinto told NEWS CENTER Maine in a statement that Wex needed to make tough decisions to adapt in the near term. Tinto says 5 percent of its workforce will be impacted, which includes 135 Maine jobs. 45 positions will be eliminated and 90 furloughed.

"This reflects the impact some of our customers and partners are experiencing and decline in demand for services, which in turn has impacted our business," said Tinto. 

"We are committed to helping our people during this transition by providing those workers whose positions have been eliminated with severance, job assistance, and an additional allowance to cover their health care through COBRA for approximately six months."

Furloughed U.S. employees will be eligible to collect unemployment. WEX benefits will continue to be covered for those enrolled. 

The statement says Wex is closely monitoring COVID-19 around the world.

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