Willis to Relocate 3,500 Workers after Profit Misses Estimates

By Craig Giammona | April 30, 2014

  • April 30, 2014 at 11:02 am
    Original Bob says:
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    Chicago officials announced yet another name change for the Willis Tower, formerly known as the Sears Tower. Henceforth it will be now be named the “Dark Tower”

  • April 30, 2014 at 3:10 pm
    They could save even more says:
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    If they got rid of those management types that made the predictions & kept the “support roles” in place. Wonder how much they would get from the sale of Willis Tower?

  • May 1, 2014 at 1:44 pm
    TX Agent says:
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    Willis said in a filing that low-cost sites include Mumbai and Nashville, Tennessee.

    Wow………..

    • May 3, 2014 at 3:10 am
      butch006 says:
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      I also was a little taken aback when i saw a comparison of the cheap labor areas for Willis.We are now literally competing with 3rd world countries to provide the cheapest workforce available globally.This fact truly represents the real standard of living for many American workers.But the good news for the American worker is that his view of reincarnation is one life-death.The Mumbai worker however must …..well you know.

  • May 1, 2014 at 2:06 pm
    reality bites says:
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    I wonder if the brain drain will accelerate.

    Of course, like anywhere else, only the good ones will leave in advance, while the dead wood, suck-ups, lifers and low-profile players remain behind.

    Anyone offering classes in Hindi or Hokey, please apply for an outplacement position.

    • August 21, 2014 at 2:33 pm
      Agent says:
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      Reality, the brain drain has been going on with AIG as well. Uncle Warren has made off with several top executives and I have seen other articles with AIG people moving to other companies. I would imagine the culture of AIG is not attractive for many.

  • May 2, 2014 at 9:58 am
    james says:
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    Nashville is a good place to live. But if you Yankees don’t like it, please DON’T come and ruin it for us.

    • May 2, 2014 at 10:48 am
      Libby says:
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      I love Nashville!

    • May 2, 2014 at 3:12 pm
      FFA says:
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      Well James, tell your gov to raise taxes and become unfriendly to business. Tell him IL has a good blueprint to run off good people & good business.

      • May 19, 2014 at 2:38 pm
        Agent says:
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        Hi FFA. I saw a study this morning that NY is the most unfriendly place to do business in the country and Illinois is right up there behind them. Those Blue State liberals are sure to run off more business with their taxes, overbearing regulation and cost of living.

    • May 5, 2014 at 10:41 am
      Whodathunkit? says:
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      Permanently moving to Nashville are in two months. I love it there.

    • May 8, 2014 at 8:46 am
      KY jw says:
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      I’m fond of Nashville, too. I would move there if the opportunity presented.

      • August 21, 2014 at 1:33 pm
        Agent says:
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        So KY, being fond of a city is a good reason to move to it? Are you saying your opportunities in KY are not attractive enough to stay. If I were living in Dallas and said I was fond of Ft Worth, that doesn’t mean I would pick up and move there.

  • May 3, 2014 at 12:45 pm
    JR Insurance Guy says:
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    Maybe Willis shouldn’t be complaining about taxes and realty costs. They should really do some internal soul searching. They are slow to respond to quotes and provide bare minimum service.

    Just maybe, the problem with Willis is quality.

    • May 5, 2014 at 12:30 pm
      FFA says:
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      Being in IL, they have every right to complain about taxes.

      • May 9, 2014 at 12:49 pm
        Agent says:
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        These companies have every right to look at their expenses. Nissan moved their US operation from LA to Tennessee. Toyota moved from Torrance, Ca to DFW metroplex. State Farm is expanding their already large DFW office to be a major hub. Blue States are very unfriendly to business. No wonder they are leaving the high tax, high regulation states.

        • May 12, 2014 at 11:20 am
          Libby says:
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          Hidden due to low comment rating. Click here to see.

          • May 19, 2014 at 2:35 pm
            Agent says:
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            Some companies have tried the call center routine with foreign employees who barely speak English. One of mine did that and after 10 minutes on the phone not understanding anything they said, I asked to be transferred to an American supervisor. I told that supervisor it might be better letting Americans handle business instead of someone from Mumbai that knows nothing.

    • May 19, 2014 at 2:29 pm
      Agent says:
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      Are you saying that the Willis employees in the Chicago tower is not providing quality service now? I don’t use them so I don’t know how they are.

      • August 28, 2014 at 6:13 pm
        FFA says:
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        Ive never had any issues with them.

  • May 15, 2014 at 3:29 pm
    Johnny Rocket says:
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    Willis is doing what they need to do to compete. We are all guilty of wanting better cheaper stuff – that is why company’s like Wal*Mart are doing so well. Willis definitely needs to have more producers in their profit centers however – they cannot and will not grow with out that aspect of the business getting some sunlight. Just holding on to what you’ve got and hoping it stays the same is not a way to do business.

  • August 21, 2014 at 12:16 pm
    Vice President says:
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    This is all that I am going to say:

    2012 “Free Cash Flow” as a % of Total Revenues:

    Willis(WSH): (-)3.7%
    Brown&Brown(BRO): 17.1%
    Gallagher(AJG): 3.9%
    Marsh(MMC): 5.9%
    Aon(AOC): 8.8%
    Peer Avg: 3.7%

    2012 Operating Profit Margins

    Willis(WSH): 10.8%
    Brown&Brown(BRO): 33.5%
    Gallagher(AJG): 16.1%
    Marsh(MMC): 16.5%
    Aon(AOC): 19.5%
    Peer Avg: 15.3%



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