Jackson National Life Insurance lays off 150 workers, including Franklin branch

Jackson Nationwide Life Insurance coverage confirms with Information 2 company-wide layoffs, together with the corporate’s Franklin location.

FRANKLIN, Tenn. (WKRN) — Jackson Nationwide Life Insurance coverage confirms with Information 2 the corporate has laid off roughly 150 staff company-wide, together with staff at its Franklin location.

Jackson Nationwide Life Insurance coverage is predicated out of Lancing, Michigan however has workplaces in 10 completely different cities throughout the nation. It’s Franklin location employs roughly 600 staff.

A spokesman with Jackson Nationwide Life Insurance coverage supplied the next assertion to Information 2:

As a consequence of financial circumstances and a decline in trade gross sales, now we have applied staffing-level modifications, together with realignments and eliminations, throughout Jackson. These modifications have resulted in a headcount discount of roughly 150 associates. We worth and admire the contributions of all our associates and are dedicated to a considerate transition for these personally affected by this determination.  

The corporate wouldn’t disclose how lots of the 150 layoffs impacted its Franklin department.

Whereas these modifications are by no means simple, they’re essential for us to attain the appropriate scale and suppleness to fulfill market calls for. What shouldn’t be altering is our dedication to persevering with to supply a superior stage of help for monetary professionals and the purchasers they serve by the biggest distribution power within the trade and our award-winning customer support. We stay targeted on delivering on our long-term strategic aims as we proceed serving to Individuals safe safety amid uncertainty as they transition to and thru retirement.”

Jackson Nationwide is positioned in northeast Franklin on Innovation Drive, close to Liberty Park. For extra info on the corporate, click here.

— to www.wkrn.com

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