Fidelity Trimming 460 Jobs; Will Outsource Printing
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The move—slated to take place over the next 12-18 months—is in response to a "significant" decline in the volume of investor information that is printed and mailed, according to Perry Chlan, Fidelity spokesman.
Fidelity will be outsourcing its printing of forms such as account statements, trade confirmations and prospectuses to Broadridge Financial Solutions. The financial services company employs about 40,000 people worldwide.
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