job losses News

More than 10K Jobs Lost in North Dakota’s Oil Patch Last Year

The coronavirus pandemic has had a significantly negative impact on North Dakota’s oil and gas industry, resulting in the shedding of thousands of jobs last year. The oil industry’s recovery has been slow. Job Service data show that North Dakota’s …

Nationwide Insurance to Provide Aid to Employees Losing Jobs in Nebraska

A Nationwide Insurance spokesman says the company intends to provide career management resources and other aid to employees who will be losing their jobs in Lincoln, Nebraska. Nationwide spokesman Eric Hardgrove said that the company announced in 2015 plans to …

Aviva to Cut About 1,500 Jobs with Friends Life Acquisition

Aviva Plc said it may eliminate about 1,500 jobs with its £5.6 billion ($8.48 billion) takeover of Friends Life Group Ltd. The job losses form part of an estimated £225 million [$340.76 million] in annual savings from the deal by …

IAG to Restructure CGU Operations; 600 Jobs to Go

Insurance Australia Group Limited (IAG) announced that it is restructuring its “operating model” for its Australia Intermediated business, CGU. The changes are aimed at generating “annual cost savings of around $65 million pre-tax by the end of the 2015 financial …