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The total reduction amounts to about 17 percengt of AmericanGeneral employees. American Genera is a subsidiary of beleaguered insurancegiant , or AIG, whicnh has laid off hundreds of employees worldwidre this year. Houston and Milwaukee are the two citiews most heavily impacted by the layoffs causerby “unprecedented” economic conditions, according to Shayna Schulz, Americam General vice president of corporate communications. Milwaukeew will lose 290 jobs as the resulf of the closure of anoperations center, she Schulz did not provide the total number of American General employees in Houston. Some othere AIG divisions with offices here have had layoffssince September, she added.
All affected employees have been providex with outplacement services and are eligible for open positions elsewhereewith AIG. “We are deeplyh grateful for the contributions of our colleaguez who have been impacted by this decisio n and believe it will result in Americabn General Life Companies becoming a more competitive organization focusedon long-term profitable growth that will benefitt all shareholders, policyholders, as well as our the company said in a statement issuec Tuesday.
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