First Potomac cutting staff in Columbia, Bethesda ahead of acquisition

First Potomac Realty Trust plans to lay off more than half its workforce ahead of the Bethesda real estate investment trust’s acquisition by Government Properties Income Trust, according to a notice it submitted to Maryland’s labor department.

First Potomac (NYSE: FPO) filed a Worker Adjustment and Retraining Notification notice Friday that it will shed 50 of its Bethesda-based employees and another 22 in Columbia, effective Oct. 1. First Potomac has about 120 employees.

Representatives for First…


Author: Baltimore Checkbook

Best in consumer news and deals in Baltimore, MD.

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