Heard of at least 6
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Management is looking at all pending and new claims coming in. In other words they are looking at claim counts. They are looking at excess and primary Casuality claims in the NY region. Claim counts are low and hardly anything new coming in. I see the writing on the wall. Waiting for severance package.
Layoffs in Excess Casuality in Los Angeles last week. No new accounts or new claims coming in. I am sure more to come in the other offices shortly. This is not good for claims departments in this company
Laid off after 12 years, right before Christmas. My manager read from a script prepared by HR. HR was on the phone, then took over. Rushed out of the office and told my things would be boxed and mailed.
2 weeks severance for each year but must sign waiver within 45 days.
claims will certainly be impacted. No new business. Non renewal of old business = no new claims.
Any word on more RIF's for claims in the near future? Claim counts have been low and the trim they did a few months back didn't increase pensungs by much.
More layoffs coming too. But don't worry about BD, he still keeps his 43 million. And the lackeys he has brought on board are no good. They brought in a CIO with zero insurance experience. Just feathering his nest until he decides to retire at the end of next year. Around April you will see an exodus, many remaining folks are actively looking. Management thinks employee engagement will fix things. Nope.
No you have to wait until the severance period is completed. You can receive it as a lump sum or an annuity arrangement.
If you get riffed at 62 and take your severance, sign waiver, etc. Do you forfeit your AIG pension?
By the way no such waiver will hold up in court if an employee sues, since no signature is valid under American law, when processed under extreme duress. Those who are going through this AIG driven extreme and illegal act, should contact local TV station, local newspaper, ACLU and then class action lawyers. Do not fear. It is time to root out all current Managers at AIG.
It's overly obvious at this point it's a situation where management is attempting to protect themselves. Falsifying data of the employee in order to not be viewed as the poor leader who makes bad choices is a new way of life. Personal accountability and high standards of management is a thing of the past. Welcome to the new AIG reality. Happy 100 years!!!!
They have 21 days to consider signing
A Familiar pattern by AIG. Let go employees in their 50's and 60's who are on the verge of retirement then force them to sign the Age Discrimination Waiver to collect their severance. What goes around comes around. AIG has created a distrustful atmosphere coupled with low morale at a time of the year when everyone is in the Christmas spirit. The only gift AIG will give you is a stab in the back. Not everyone reacts to a RIF well. Tears were shed yesterday by a long time dedicated employee who never saw it coming.
Where were the 30 year veterans from?
Two thirty year veterans let go today by AIG. Nice going by AIG. Horrible
My father was laid off today. He knew it was coming and it's sad that they treat employees this way.
Very sad that AIG promotes itself as caring. Not true. Doing this before Christmas is an example of how they value their people.
There's no one left! Signs of desperation. Very poor management at AIG. Less than 2 weeks before Christmas! They couldn't wait until after the holidays?
as well in Canada