Chartis to Trim Workforce

By | October 5, 2011

American International Group said its property/casualty carrier Chartis will eliminate some jobs, with the reduction affecting less than 1 percent of its workforce, or roughly 400 or fewer positions.

“As part of Chartis’ review of its personnel needs, we have re-sized our staffing levels to reflect our business objectives,” AIG spokesman Mark Herr told Insurance Journal. “We continue to hire where we see the best potential for growth. Overall, the reductions amount to less than 1 percent of Chartis’ employees.”

Chartis currently has 40,000 employees who serve more than 70 million clients around the world, according to its website.

AIG has been selling off business assets and has significantly downsized its workforce in the aftermath of the 2008 financial crisis. AIG has almost halved its workforce in past few years. AIG had roughly 63,000 employees in 2010, down from 116,000 in 2008 according to its annual reports.

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