Job losses.American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. Inc. is cutting 600 jobs after acquiring Woodland Hills-based 21st Century Insurance Group. The New York-based insurance company said it is combining its auto unit with 21st Century, giving the unit 5,500 employees. The new unit will be called AIGDirect.com and will be considered the world's largest insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. . Call center staff, claims handlers handlers persons involved in the handling of, for example, circus animals. Includes grooms, milkers, herdsmen, strappers. Used mostly in referring to persons handling animals for show or auction. and administrative workers are among employees from the two companies who will lose their jobs as a result of the merger. How many of the eliminated jobs would come from the Woodland Hills operation was not specified spec·i·fy tr.v. spec·i·fied, spec·i·fy·ing, spec·i·fies 1. To state explicitly or in detail: specified the amount needed. 2. To include in a specification. 3. . |
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