NEW YORK -- JPMorgan Chase (NYSE: JPM) announced today it will partner with 10 other large companies to commit to collectively hire 100,000 military members leaving active-duty service and other veterans by the end of 2020. The program, called the "100,000 Jobs Mission," expects to add more partners and increase the target number of jobs as it grows. The following companies have joined together in this effort to hire military and veterans:
- Broadridge Financial Solutions Inc.
- Cisco Systems Inc.
- Cushman & Wakefield Inc.
- EMC Corporation
- Iron Mountain Incorporated
- JPMorgan Chase & Co.
- NCR Corporation
- Universal Health Services Inc.
- Verizon Communications Inc.
Today, these companies together employ more than one million people. With unemployment currently at 8.9% nationwide, 9.2% for veterans overall and an estimated 12.5% for veterans leaving the military today, the partnership for the 100,000 Jobs Mission will commit to hiring 20,000 of these by the end of 2012.
"We have spent a lot of time speaking with military officials and veterans lately, and over and over, they say the biggest issue facing men and women from the armed services is finding good jobs when they leave active duty," said Frank Bisignano, JPMorgan Chase chief administrative officer, who is also responsible for Chase's Home Lending business.
"Not only is this the right thing to do for veterans, but all of the companies in the 100,000 Jobs Mission recognize it's a great thing to do for our businesses. Our nation's military and veterans represent the best this country has to offer. They are disciplined, principled and highly skilled. They will make outstanding employees."
The 100,000 Jobs Mission will be formally set up over the coming weeks.
On Feb. 15, 2011, JPMorgan Chase first announced the commitment to work with partners to hire 100,000 people transitioning from active duty, reservists and other veterans as part of a larger effort to significantly enhance its programs to help military and veterans and their families.
Want to Learn More About Military Life?
Whether you're thinking of joining the military, looking for fitness and basic training tips, or keeping up with military life and benefits, Military.com has you covered. Subscribe to Military.com to have military news, updates and resources delivered directly to your inbox.