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Capital One employees being laid off in Lincoln will be eligible for federal job training assistance.

Capital One employees losing their jobs in Lincoln will be eligible for federal job retraining aid.

That's because the U.S. Department of Labor has ruled that the layoff of more than 150 people is due at least partially to work being shifted overseas.

According to a decision posted on the Department of Labor's Trade Adjustment Assistance website last week, the office ruled that the local Capital One employees qualify for aid, "because the workers' firm has acquired from a foreign country services like or directly competitive with services supplied by the workers which contributed importantly to worker group separations at Capital One."

Capital One announced earlier this month that about 155 positions at its Lincoln operation at 4800 N.W. First St. are being cut, with the first employee separations to take place Dec. 7, and the layoffs wrapping up around March 1.

The company said in a statement that many of the positions being eliminated in Lincoln are in the areas of fraud, recovery and back-office operations and are being transferred to other sites.

Capital One, which took over the operation from Cabela's as part of its 2017 sale to Bass Pro Shops, said the Lincoln location, which will still have more than 300 employees, will remain as a site focused on servicing customers of the Cabela's Club credit card.

The Trade Adjustment Assistance petition for the Lincoln workers is the second one certified this year involving a layoff at Capital One. In March, a petition was certified for more than 100 workers at a call center in Virginia.

Capital One said in a statement that the Lincoln layoff was not related to work being shifted overseas.

"As we shared in our filing with the Department of Labor and we communicated internally over this past summer, impacted staff functions were absorbed within existing domestic Capital One sites," a spokesman said in an email.

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Reach the writer at 402-473-2647 or

On Twitter @LincolnBizBuzz.


Business editor/reporter

Matt Olberding is a Lincoln native and University of Nebraska-Lincoln graduate who has been covering business for the Journal Star since 2005.

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