• Sat. May 25th, 2024

Des Moines-based EMC Insurance Co. announces planned 65 occupation cuts

7. EMC Insurance Companies plans to expand its headquarters to a third location at the former Younkers site.

EMC Insurance plan Cos. will cut some work opportunities up coming yr as it ends a line of business.

The Des Moines-centered insurer introduced in a information launch Tuesday that executives have made a decision to exit the reinsurance phase, costing 65 personnel their positions. The firm declined to say how a lot of of people positions are in central Iowa, where half of EMC’s 2,200 U.S. employees work.

The company stated the afflicted personnel will eliminate their jobs in waves next 12 months, starting up Jan. 3.

“Whilst an incredibly tough situation, EMC felt this go was vital to placement the corporation for the upcoming and the achievement of its strategic ideas and ambitions,” CEO Scott Jean reported in a assertion.

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