245 laid off as Dun & Bradstreet shutters Tucson office
245 workers are losing their jobs as credit reporting and business analysis giant Dun & Bradstreet is "permanently" closing its Tucson office, government documents show.
The New Jersey financial services company, also known as D&B, filed a required WARN Act notice with state officials on Tuesday.
The "entire facility" of the Tucson call center, 5210 E. Williams Circle, "will be permanently closed. No bumping rights to other facilities," the company's notice to regulators and employees said.
The federal WARN Act (Worker Adjustment and Retraining Notification Act) requires companies planning mass layoffs to give workers at least 60 days' notice.
The company was taken over in a leveraged buyout by a group of private equity firms earlier this year, and taken private, removing it from the stock exchange.
"Dun & Bradstreet undertook a careful review of our operations and made a business decision to consolidate our customer centers," the company said. "This change will allow us to better and more efficiently scale our small business sales and support activities to meet client demand. As a result, we will be closing the Tucson office on December 31, 2019. We are working directly with impacted employees to provide services and support through the transition."
The notice was filed with Arizona state authorities on Tuesday.
Dun & Bradstreet, founded in 1841, is headquartered in Short Hills, N.J. The company has about 5,000 employees around the world, focusing on the United States and Canada, United Kingdom and Ireland, China and Taiwan, and India.
The company had revenues of about $1.74 billion in 2017. Earlier this year, the formerly publicly traded firm was taken private by a group of private equity firms, including Thomas H. Lee Partners, CC Capital, Black Knight Inc. and Cannae Holdings.
The leveraged buyout led by those companies was predicated on cutting D&B's sales costs and increasing revenues from multi-year deals, Seeking Alpha reported last month.