NU Online News Service, April 12, 2005, 10:09 a.m. EDT
MetLife Inc. plans to cut about 30% of the jobs at Travelers Life & Annuity once it completes its proposed acquisition of the Hartford-based Citigroup Inc. unit.[@@]
MetLife, New York, says it has offered 1,400 “ongoing” positions, including 1,100 ongoing positions in Hartford, to Travelers Life’s 2,000 employees. About 1,800 Travelers employees now work in Hartford.