[Federal Register Volume 75, Number 12 (Wednesday, January 20, 2010)]
[Notices]
[Pages 3251-3252]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-893]


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DEPARTMENT OF LABOR

Employment and Training Administration

[TA-W-71,903]


JP Morgan Chase and Company; JP Morgan Investment Banking, Global 
Corporate Financial Operations, New York, NY; Notice of Negative 
Determination on Reconsideration

    By application dated October 12, 2009, a petitioner requested 
administrative reconsideration of the Department's negative 
determination regarding eligibility to apply for Trade Adjustment 
Assistance (TAA) applicable to workers and former workers of JP Morgan 
Chase and Company, JP Morgan Investment Banking, Global Corporate 
Financial Operations, New York, New York. The Department's Notice of 
Affirmative Determination Regarding Application for Reconsideration was 
signed on October 27, 2009, and published in the Federal Register on 
November 12, 2009 (74 FR 58315).
    The investigation resulted in a negative determination based on the 
finding that workers' separations or threat of separations were not 
related to an increase in imports or shift/acquisition of business 
research and clerical support operations to/from a foreign country. The 
subject firm did not import services like or directly competitive with 
services provided by workers of the subject firm and did not shift 
provision of these services abroad.
    In the request for reconsideration the petitioner alleged that 
workers worked for JP Morgan Chase and Company, Global Corporate 
Financial Operations (GCFO), Presentation Production Services (PPS). 
The petitioner further alleged that JP Morgan operates facilities in 
Mumbai and Bangalore and that JP Morgan shifted provision of services 
from the subject firm to India. Specifically, the petitioner alleged 
that the bankers of JP Morgan were instructed to bypass the PPS offices 
in the United States and send work directly to JP Morgan facilities 
abroad.

[[Page 3252]]

    The Department contacted company officials of JP Morgan Chase to 
address the above allegations. The company officials confirmed that JP 
Morgan Chase has subsidiaries in India and Argentina which provide 
additional support services to bankers of JP Morgan Chase. The company 
officials further stated that bankers were not instructed to bypass PPS 
but utilize centers in Argentina and India as an option if the local 
service was not available. The officials confirmed that JP Morgan Chase 
did not shift provision of services from the subject firm to a foreign 
location.
    The Department requested employment information for the foreign 
facilities of JP Morgan Chase that perform services like or directly 
competitive with services provided by workers of the subject firm. The 
data revealed that employment at these facilities declined in 2008 and 
2009.
    The investigation revealed that the reduction in business volume 
caused the subject firm's reorganization and that the layoffs at the 
subject facility was not related to increased imports of business 
research, clerical support operations or presentation production 
services and there was no shift of these services abroad during the 
period under investigation.
    The petitioner further alleged that workers of the subject firm 
provided services to bankers of JP Morgan Chase, who in turn, provided 
services to external clients.
    The company official verified that PPS is an internal service 
provider only and that the workers of the subject firm did not provide 
services directly to external clients and vendors.
    The petitioner did not supply facts not previously considered; nor 
provide additional documentation indicating that there was either (1) a 
mistake in the determination of facts not previously considered or (2) 
a misinterpretation of facts or of the law justifying reconsideration 
of the initial determination.
    After careful review of the request for reconsideration, the 
Department determines that 29 CFR 90.18(c) has not been met.

Conclusion

    After reconsideration, I affirm the original notice of negative 
determination of eligibility to apply for worker adjustment assistance 
for workers and former workers of JP Morgan Chase and Company, JP 
Morgan Investment Banking, Global Corporate Financial Operation, New 
York, New York.

    Signed at Washington, DC, this 7th day of January 2010.
Elliott S. Kushner,
Certifying Officer, Division of Trade Adjustment Assistance.
[FR Doc. 2010-893 Filed 1-19-10; 8:45 am]
BILLING CODE 4510-FN-P