April 08-- Apr. Eight--As a part of a plan to consolidate its staff into two areas in Massachusetts, this summer season Massachusetts Mutual Life Insurance coverage Firm is closing its Ballantyne workplace and shedding about 160 folks.
The positions primarily based out of the workplace at 11215 North Group Home Highway are company roles and embody a wide range of capabilities, from name heart representatives to funding providers professionals, in line with spokeswoman Laura Crisco.
About 300 staff on the Ballantyne workplace had been knowledgeable final 12 months of MassMutual's resolution to shut the workplace, Crisco stated. The insurer is equally closing workplaces in Connecticut, New Jersey, Tennessee and Pennsylvania, and transferring positions in these workplaces to its campuses in Boston and Springfield, Mass.
Final 12 months, Charlotte staff got the choice to relocate to Massachusetts, Crisco stated. The 164 remaining employees are opting to not, and can obtain severance packages. The workplace will shut fully in July, the corporate stated in a Employee Adjustment and Retraining Notification Act discover filed to the state just lately.
The corporate's transfer is a part of a plan its footprint in its dwelling state, the place it expands to develop its workforce by roughly 70 % by the top of 2021, the Observer reported final 12 months.
MassMutual stated it plans to retain different workplaces solely in New York, Phoenix and Amherst, Mass.
MassMutual says the closure of its Ballantyne workplace doesn't have an effect on its different areas in Charlotte, together with its MassMutual Carolinas workplace in SouthPark and its asset administration affiliate Barings, which has workplaces uptown.
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