Thread regarding Northwestern Mutual layoffs

Jobs are not being eliminated at Northwestern Mutual, they are being outsourced

It's disappointing that the CEO and executives don't take personal accountability for this mess. Low interest rates have been the norm since 2008/2009 but apparently the executive team has been asleep at the wheel. It’s more likely that the company just isn’t being honest. The CEO claims to be eliminating jobs, but in reality hundreds of jobs are being outsourced to India. As of March 2017 the company has laid off 640 employees and the layoffs continue.

Posted by @PrgkD0h-wtow, hit the nail on the head.

by | Post ID: @Q0dhGW3
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Well Schlifske has show his true colors on this one. The 2017 form 5500 has been filed with the Department of Labor. According to company records, 638 employees were laid off during the March time frame in 2017, and 155 in November. However there have been several other layoff groups in 2017 and into 2018, but those numbers aren’t known yet. That’s 793 employees in those two months, and yet according to form 5500 the company only shed 382 employees. While hundreds of workers were losing their jobs, the company was still hiring and in many cases hiring direct replacements for laid off workers. How sad to see this once great company ruined by Schlifske.

https://www.efast.dol.gov

plan number is 003 and EIN number is 390509570

by | Post ID: @Q0dhGW3-5Gupu

Last union update during bargaining, the company wants to eliminate 10% of NM employees and replace them with temp staff. The company wants to pick and chooses who will go. No seniority rights. Hang on to your hats as here we go. Once they get this proposal all bets are off as to ANY job security.

by | Post ID: @Q0dhGW3-2otgl

It's also interesting that employees here on a work visa were placed in other positions within IT. To bad management doesn't treat everyone equally.

by | Post ID: @Q0dhGW3-lyxb

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