Sallie Mae plans to create 2,000 jobs in the United States by reversing previous outsourcing actions and bringing all of its overseas operations back to America.
Albert Lord, chairman and CEO of SLM Corp. (NYSE:SLM), commonly known as Sallie Mae, spoke Monday morning on cable TV network CNBC, making the announcement.
Lord said the jobs would be created during the next 18 months, and that most of the new positions in the U.S. would be at call center operations, in technology and loan servicing.
"For 37 years, we have been dedicated to helping America’s students enhance their lives through an investment in higher education,” Lord said. “We also contribute economically to the many communities where we operate our business. The current economic environment has caused our communities to struggle with job losses. They need jobs, and we will put 2,000 of them into U.S. facilities as soon as we possibly can.”
Sallie Mae has operations in 20 cities across the U.S., and manages $180 billion in education loans and serves 10 million student and parent customers.
The company’s stock was up 5.4 percent to $5.64 per share in mid-day trading on Wall Street. (Dayton Business Journal)