Post by Logan on Jun 26, 2016 4:59:38 GMT -6
Three years ago, MetLife announced plans to reduce its Bloomfield workforce of 1,950 by about 650 people , as the company consolidated work in North Carolina. But the insurance company didn't stop there and now only 646 workers remain.
Although the elimination of more than 1,300 white-collar jobs is substantial, it could be an omen of more decisions to cut jobs in Connecticut made by out-of-state executives if mergers are approved.
These jobs were once under a local CEO — but the division, and its 1,800 jobs, were sold to MetLife by Citigroup 11 years ago.
MetLife was the beneficiary of North Carolina's largest tax incentive package ever offered to a company when the state agreed in 2013 to giving $87.2 million in incentives spread out over 12 years, according to the Charlotte Observer.
Read more: www.courant.com/business/hc-met-life-n-c--20160625-story.html
Although the elimination of more than 1,300 white-collar jobs is substantial, it could be an omen of more decisions to cut jobs in Connecticut made by out-of-state executives if mergers are approved.
These jobs were once under a local CEO — but the division, and its 1,800 jobs, were sold to MetLife by Citigroup 11 years ago.
MetLife was the beneficiary of North Carolina's largest tax incentive package ever offered to a company when the state agreed in 2013 to giving $87.2 million in incentives spread out over 12 years, according to the Charlotte Observer.
Read more: www.courant.com/business/hc-met-life-n-c--20160625-story.html