Thread regarding AIG (American Intl Group Inc.) layoffs

"New role" international chief actuary

As if. This is the same role they laid off almost exactly 6 months ago.

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Post ID: @OP+1evGp18P

8 replies (most recent on top)

It is the same role. She was doing International, just without the title and recognition. As always at AIG. Q3 was real mess without her.

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Post ID: @Tcmv+1evGp18P

Think this is a new role. The person that left was UK / AESA so technically not the same role.

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Post ID: @pzur+1evGp18P

Very very honorable. To try to save yourself from legal issues around discrimination. Not.

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Post ID: @vsg+1evGp18P

On the other hand, an International Actuary is a nescessity.
Perhaps the prior fella (assuming) didn't read the numbers the right way.
The statistics said or could say one thing, and he said another.
So - simply subtly replacing him after a delay was actually an honorable thing.
The new fella will read the numbers right. Guaranteed.

And those numbers?
2007 all over again.

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Post ID: @ujk+1evGp18P

US department of labor has no jurisdiction over a role based in London.

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Post ID: @idx+1evGp18P

The U.S. Department of Labor does not technically identify a time frame for when you can rehire for a laid-off position. However, according to the Society for Human Resource Management, "there are several reasons employers should proceed cautiously when hiring for a position that was recently part of a reduction in force or job elimination."

For example, say you are rehiring for a job within six months of your company reducing, freezing or eliminating that position, and you decide not to rehire the person you laid off from the job. According to the SHRM, "if … the former employee finds out that the new hire or replacement is younger than him or herself (age 40 or under), of a different race, religion, gender, less qualified, etc., it may cast doubt on the legitimacy of the eliminated position in the first place."

Different race and gender in this case.

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Post ID: @gyd+1evGp18P

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