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The total reduction amounts to about 17 percenrt of AmericanGeneral employees. American General is a subsidiary of beleaguered insurancegiant , or AIG, which has laid off hundredse of employees worldwide this Houston and Milwaukee are the two citiexs most heavily impacted by the layoffs caused by economic conditions, according to Shayna Schulz, American General vice presidenr of corporate communications. Milwaukee will lose 290 jobs as the resulr of the closure of anoperationws center, she said. Schulz did not provide the total number of American General employees in Some other AIG divisions with offices here have had layoffssince September, she added.
All affectesd employees have been provided with outplacement servicex and are eligible for open positions elsewherwith AIG. “We are deeply grateful for the contributionds of our colleagues who have been impactedr by this decision and believe it will resul in American General Life Companies becoming a more competitive organization focusedon long-term profitable growth that will benefift all shareholders, policyholders, as well as our employees,” the compant said in a statement issued
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