Tuesday, June 30, 2009

"be part of the Putnam family"

Milford Daily News
Posted Jun 30, 2009 @ 01:04 AM


Putnam Investments will shut down its Franklin facility by year's end, but will offer "virtually all" of its 500-plus employees jobs at the company's Andover and Boston locations, said a company spokesman.

The company made the announcement to employees yesterday morning.

Putnam will phase out use of the Franklin facility at 100 Financial Park, which it is renting, "in an orderly way" now through December, said the spokesman, Jon Goldstein.

"It's really about space consolidation. This is really about Putnam optimizing its facilities to best serve clients and best position us for future growth," Goldstein said.

Assistant Town Administrator Maxine Kinhart, who worked for Putnam in Franklin years ago, called the closing "devastating."

Read the full article about the Putnam facility closing in the Milford Daily News here.

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