Dover mayor hopes Liberty Mutual retains IT workers affected by restructuringBy KIMBERLEY HAAS
Sunday News Correspondent
December 02. 2017 11:45PM
DOVER - Mayor Karen Weston said Friday night she hopes everyone affected by restructuring at Liberty Mutual will be able to stay with the insurance company, which has a large campus in the Garrison City.
"It is our hope that all of these employees will be able to find jobs within Liberty Mutual. If not, that they will be trained to learn new skills and then be able to participate in a more productive workforce," Weston said.
Liberty Mutual officials confirmed Friday afternoon they are eliminating 620 information technology jobs in New Hampshire.
Affected employees will be offered other jobs or can be retrained, the company said.
For employees who cannot retrain, officials plan to provide severance and outplacement resources.
A company spokesperson did not know exactly how many employees on the Seacoast will be affected.
In March, the company announced the elimination of 190 information technology positions in New Hampshire, mainly in Dover and Portsmouth, with similar plans to rehire employees.
John Cusolito, vice president and manager of public and media relations, said the need to realign the firm's technology for the needs of customers has accelerated IT transformation globally, resulting in the reduction of about 1,000 positions in certain areas.
"We are confident the number of employees impacted will be less than the number of positions we have eliminated, as we will help employees find other job opportunities in Liberty, either locally and elsewhere in our company. We are also offering employees the opportunity to participate in our Go for Code retraining program, which provides employees with opportunities to participate in a coding immersion program to learn new skills that will allow them to transition to positions that we are creating," Cusolito said in a statement.
Cusolito said they currently have 425 IT positions open across the country for which affected employees can apply.
Many of those are in New Hampshire.
The company has retrained 126 New Hampshire employees through the Go for Code program, officials said.
"The Seacoast and Granite State are home to Liberty's IT headquarters and we remain committed to the region," Cusolito said Friday.
Liberty Mutual is the fourth-largest property and casualty insurer in the United States. Its policies include home, auto and commercial products.
The company employs about 5,000 people in New Hampshire. Across the country, it employes approximately 4,900 IT employees, with 53 percent, or more than 2,600, of those IT jobs located in the Granite State, Cusolito said.
Nationally, Liberty Mutual has 3,400 open positions.
There are areas of the country where the company is expanding, he said. A new campus is being opened in Plano, Texas, with two 19-story towers. The development cost $325 million.
Cusolito said that campus will employ 5,000 people. In 2018, officials plan to move 2,700 employees into the office space. The campus will be at full occupancy in 2020, he said.
Liberty Mutual employs more than 50,000 people in over 800 offices throughout the world.
The company ranks 75th on the Fortune 100 list of largest corporations in the U.S. based on 2016 revenue.
As of Dec. 31, 2016, Liberty Mutual had $38.3 billion in annual consolidated revenue.