St. Paul, Minn.-based insurer Loss Reduces Work Count.
In the last two months, some 4000 employees of the St. Paul Cos. ‘headquarters in downtown St. Paul have lived with stomach churning fear that their jobs may be truncated.
The mid-July, the apostle Paul said, it would be 500 to 600 posts, mainly from his seat.
Early August, the company said it would be another 1,000 jobs from its workforce worldwide.
Wednesday, St. Paul revised the figures and the message is less gloomy. However, the company said it plans to reduce the total amount of about 1250 jobs, including 350 at its headquarters until the end of the year. The St. Paul employs about 4000 people at its headquarters and the center’s largest private employer.
David said the spokesman Monfried cuts are vital for the Saint-Paul, in order to remain competitive in which the damage and accident insurance.
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