Thread regarding ACE-Chubb (Chubb Corp.) layoffs

$650M In Cuts - How Many jobs is this?

I think it's about 150K per job - so it adds up to a few thousands? Do we REALLY know how many people will be eliminated?

by
| 2556 views | | 4 replies (last )
Post ID: @OP+FKwrF9Q

4 replies (most recent on top)

Don't forget a lot of the individuals being let go will receive a package up to 1 yr of salary depending on years of service.. Let me tell you a lot of those people have 20 plus years of service. I was one of those people and received a phenomenal pkg. So its going to cost them by eliminating jobs. It wont be a quick way to save. Although now im hearing the pkg for 2017 will be 4 weeks pay no matter how many years you have. Not sure how true that is. Also heard they will be moving a lot of functions down south since its cheaper to do business there as opposed to in NJ. Time will tell

by
|
Post ID: @34nxg+FKwrF9Q

They paid bonuses early hoping people would just leave. I'm hearing not enough people are leaving. Heads will roll by year end.

by
|
Post ID: @22paj+FKwrF9Q

Reported as $750M as of last week..

by
|
Post ID: @1Avmo+FKwrF9Q

Post a reply

: