Thread regarding AIG (American Intl Group Inc.) layoffs

Operations had rifs today NJ/NYC

Heard of at least 6

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Post ID: @WA7Xped

22 replies (most recent on top)

Real...Funny or not...C? ....she's a big, as Santa says....HOHOHO

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Post ID: @WA7Xped-Facp

Reading this. I wish Regan was back in office. I do get a chuckle out of the last post, reading so much misery good to see some sarcasm.

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Post ID: @WA7Xped-Fnwt

RIF at Xmas...that's AIG...Same scenario for me last year, I was there 22 years. but there is life afterwards...got a good job with a fresh start and not sweating like I was about job security as I was before at AIG.

The NY/BOS offices I think were the worse with all the secretary gossip, A immorality, and affairs going on, especially by the secretary's. Since I was in the NY, the worse my VP told us was Cinnamon in Boston, guess everyone knew but nothing done about it. common knowledge really, A real stain there. 20 and your all set to go.

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Post ID: @WA7Xped-Fhxr

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.

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Post ID: @WA7Xped-uytz

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

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Post ID: @WA7Xped-sjuk

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.

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Post ID: @WA7Xped-dqsl

claims will certainly be impacted. No new business. Non renewal of old business = no new claims.

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Post ID: @WA7Xped-9hgv

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.

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Post ID: @WA7Xped-7bjx

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.

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Post ID: @WA7Xped-2tym

Thanks.

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Post ID: @WA7Xped-2qtq

No you have to wait until the severance period is completed. You can receive it as a lump sum or an annuity arrangement.

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Post ID: @WA7Xped-2cqt

If you get riffed at 62 and take your severance, sign waiver, etc. Do you forfeit your AIG pension?

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Post ID: @WA7Xped-2ccn

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.

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Post ID: @WA7Xped-2fyh

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!!!!

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Post ID: @WA7Xped-2mxx

They have 21 days to consider signing

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Post ID: @WA7Xped-1hva

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.

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Post ID: @WA7Xped-1obz

Where were the 30 year veterans from?

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Post ID: @WA7Xped-1nfn

Two thirty year veterans let go today by AIG. Nice going by AIG. Horrible

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Post ID: @WA7Xped-1lln

My father was laid off today. He knew it was coming and it's sad that they treat employees this way.

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Post ID: @WA7Xped-1bxw

Very sad that AIG promotes itself as caring. Not true. Doing this before Christmas is an example of how they value their people.

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Post ID: @WA7Xped-ruj

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?

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Post ID: @WA7Xped-oln

as well in Canada

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Post ID: @WA7Xped-red

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