Liberty Mutual Insurance Co. confirmed Thursday that it will lay off 250 more people as part of its ongoing restructuring.
A Liberty Mutual spokesperson said in an email that the latest job cuts affected employees in its U.S. retail markets and global risk solutions business and other corporate departments.
The eliminated positions will be effective in April or May, the spokesperson said. He said laid-off employees may be offered other positions in the organization and will be eligible for severance and outplacement assistance if they choose not to pursue them.
Liberty Mutual had already wiped out 850 positions last year, or 2% of its US workforce. The latest layoffs affected about 0.5% of its US workforce, the spokesperson said.
Liberty Mutual also Cutting About 370 U.S. positions in a restructuring of its personal lines and small commercial insurance business following the sale of units in Europe and Latin America last year.
