1. News Articles
  2. Related News Articles
News Article Details

Chartis Tells Employees to Expect Layoffs

Posted on 10 Nov 2010

Facebook LinkedIn Twitter Google

Chartis Inc., flagship property/casualty insurance operation of global financial services firm American International Group (AIG), is laying off about two percent of its workforce as part of a year-end review.

"As part of Chartis' year-end review, we have conducted a resizing of our staffing levels across the organization to reflect our business objectives," media spokesperson Marie Ali said in an emailed statement. She said the reductions amount to less than two percent of Chartis' employees.

"We continue to hire across the board where we see the best potential for growth," the statement added.