Nationwide Insurance says it will cut 204 jobs at its Portland, Ore., offices in June.
According to a filing with the state, the mass layoff is part of Nationwide’s plans to eliminate certain departments.
Nationwide says it will remain an active employer in Portland, although it did not say how many employees will still be on hand.
Nationwide spokesman Joe Case said that more than 300 agents will remain in the Portland area.
Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
