SIOUX FALLS, S.D. (AP) – A credit card company is further reducing its work force in South Dakota. Premier Bankcard President and CEO Miles Beacom says about 50 employees statewide recently were offered different positions within the company in areas of more demand such as collections, and half opted to take a severance package instead. The Argus Leader says the move is the latest in a series of work force reductions at Premier Bankcard, which has centers in Sioux Falls, Dakota Dunes, Huron, Spearfish and Watertown. Several hundred jobs have been cut this year, mostly through attrition. Beacom says that after the latest reduction, the company employs about 2,200 people, down from about 2,600 at the end of last year. Company officials blame financial regulation changes that went into effect earlier this year, making it harder to issue credit cards.
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