Capital One said this week that it will cut 217 collection jobs from its office in Tigard, Ore., the second time this year the financial services company has announced large-scale layoffs at the former HSBC call center site.

Employees affected have been told they can interview for jobs in the office's fraud division, the company said in a letter to the state of Oregon. Openings in that division should exceed the number of layoffs, Capital One spokesperson Julie Rakes said.

The collection division cutbacks are set to begin January 2 as Capital One shifts the operations elsewhere, according to Rakes. Details on where the jobs are going were not immediately available.

Capital One earlier this year outlined plans to slash marketing jobs at the Tigard office after acquiring the site from HSBC. It bought the British banking company's U.S. credit division in a  $2.6 billion deal that closed in May.

The former HSBC call center once was Tigard's largest employer, with 948 workers in March 2010. A year later, its payroll had dropped to 300, according to the city's annual financial report.

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