Allstate may have to do some selective new hiring after about1,000 employees jumped on a recent buyout offer.
Michael Trevino, spokesman for the Northbrook, Ill.-basedinsurer, said that the company had hoped to reduce home officeworkforce by up 700 when the buyout offer was first made, whichwould represent about 10 percent of the 6,800-person force.
Despite the coming exit of 300 more personnel than the companyhad planned on, Mr. Trevino maintained the buyout would not resultin any particular strain on the home office staff as workers haveagreed to stay until May 31.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
