Johnson City, TN -- Johnson City Press reported the lay off of 11 Appalachian Community Federal Credit Union employees.
The following is the article, in part. A link is provided to the full article below.
A week after learning of the death of their former CEO, 11 Appalachian Community Federal Credit Union employees were laid off as the financial institution restructured its workforce, according to company officials.
“We appreciate the talent and hard work of the entire ACFCU team, including those who have left us,” Smith said in the statement. “These decisions are never easy. We owe it to our membership to operate as efficiently as possible, however, and this is one of several steps we will take in 2019 to improve in this area.”
Director of Communications and Community Relations Jeff Keeling would not discuss the nature of the structural changes or the core credit union activities the layoffs were designed to enable. He said information related to the business’ organizational strategy was not appropriate to disclose publicly.
Appalachian Community’s previous CEO, Ron Scott, announced his resignation on Jan. 4 after more than 8 years with the credit union. Publicly, Scott said he was leaving to move west and be with his family. On Jan. 11, he was found dead.
Washington County Sheriff’s Office Investigator Jeff Miller said his death is under investigation, and more information should be released to the public after an autopsy is completed.