Banking glitch leaves employees without timely paycheck - KTTC Rochester, Austin, Mason City News, Weather and Sports

Banking glitch leaves employees without timely paycheck


AUSTIN, Minn. (KTTC) -- Austin Packaging Company officials are working with their banker to fix a banking glitch that has left about 120 employees without a timely paycheck.

According to Jeffrey Thatcher, executive vice president of Austin Packaging Company, the company is refinancing with the bank. In that process their account was moved to a different department within the bank.

The move caused issues with direct deposit accounts, which Thatcher says affects nearly all of the company's employees.

He said the company is sorry for the disruption. Thatcher said employees will be reimbursed for fees they accrue because of the problem which is expected to be fixed by Monday. 

In March, the company announced it would layoff 125 of its 250 employees. The workforce cuts were expected to start April 5.

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