Last Job Cuts at Travelers’ Syracuse, N.Y., Office Scheduled for September

June 19, 2014

The last phase of previously announced job cuts at The Travelers Companies’ Syracuse, N.Y., office will begin in September.

The company’s Worker Adjustment and Retraining Notification (WARN) Act notice — filed with the New York state Department of Labor on June 5 — shows Travelers Indemnity Company’s Personal Insurance Business Center unit at the downtown Syracuse office will lay off 69 employees on Sept. 15, 2014. Afterwards, 11 remaining employees at the Personal Insurance Business Center in Syracuse will stay on the payroll until next April to close out this unit’s operations.

The overall number of jobs affected at the Syracuse office is 159, which include a variety of job functions, all for the personal lines. Travelers first filed its WARN notice with the New York state Department of Labor last October, indicating it plans to cut 159 of 226 employees at its Syracuse office. Travelers will still have employees at the Syracuse office supporting business insurance.

The layoffs at the Syracuse office are among 450 company-wide job cuts that Travelers previously announced in July 2013 as part of the company’s plan to save $140 million in operating expenses.

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