Tuesday, May 21, 2013

MetLife plans 500 Charlotte jobs by the end of the year

Insurance giant MetLife plans to have 500 jobs at its new Charlotte retail headquarters by the end of the year, executive vice president Eric Steigerwalt told investors at a conference Tuesday.

The other 800 will move in through 2014 and into early 2015, he said. For his part, Steigerwalt says he's moving to the city in five weeks, and he's bringing his entire leadership team with him.

He told the investors that he's been "very pleased" with his team's response to news of the move, which will consolidate nearly a dozen offices into a Ballantyne office building.

MetLife announced the Charlotte move in March with great fanfare. Another 1,300 or so jobs are going to Cary. It comes as the company aims to cut $600 million in annual costs by 2015.

The U.S. retail business sells individual life insurance policies and annuities.

(Steigerwalt talks about Charlotte at the 1 hour, 15 minute mark if you're interested in hearing).