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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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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