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Lawmakers To Scrutinize Fidelity’s Marlboro Job Cuts

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Fidelity announced it will close its Marlboro location.

Fidelity announced it will close its Marlboro location.

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BOSTON (AP) — Gov. Deval Patrick says he’s “disappointed and frustrated” by news that Fidelity Investments plans to move more than 1,000 jobs out of the state.

Patrick, who is on an overseas trade mission, issued the statement on Wednesday. The governor said Fidelity leaders had been in his office recently and had been in frequent touch with his top economic aide, “yet they gave us little notice of this decision and no opportunity to compete for these jobs.”

WBZ NewsRadio 1030’s Don Huff reports.

A Fidelity spokeswoman said Wednesday that the company did provide advance notice to the state of its announcement that it would be shutting down its Marlborough facility over the next two years in a consolidation move.

State Senate leaders also criticized Fidelity and said it would ask company officials to testify at a hearing later this month.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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