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MetLife to move 2,600 jobs to NC from NE, Calif.

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EMERY P. DALESIO
AP Business Writer
 
RALEIGH, NC (AP) -- Insurance giant MetLife Inc. is moving 2,600 jobs from offices in four Northeast states and California to North Carolina, which is offering tax and other incentives that could be worth almost $100 million.
 
The insurer said Thursday it is shifting the jobs from Lowell and Boston, Mass.; Somerset, N.J.; Bloomfield, Conn.; Johnstown, Pa.; Warwick, R.I.; and Aliso Viejo and Irvine, Calif.
 
The positions will be consolidated in Charlotte and the Raleigh suburb of Cary, with each landing about 1,300 jobs. Charlotte will be the U.S. headquarters for MetLife's retail business, while Cary becomes a global technology and operations hub.
 
MetLife spokesman John Calagna said the company employs about 23,000 U.S. administrative staffers and the consolidation will allow teams to work in the same location while cutting MetLife's real estate presence.
 
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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Finally

Jobs
$100,000,000/2600 = $38,461 cost per job.
Thats a pretty expensive proposition.

Vog

VOG

I thought incentives were to be tied to new jobs created. May be incorrect on that.

But if these jobs are being filled by transferees; then that is not new job creation.

Which administration gets the credit for this. Hard to believe the new administration worked that quickly.

contradictions?

McCrory said he wasn't involved but that the company started talking about this 8 months ago while he was at that firm:

http://www.wral.com/mccrory-denies-involvement-in-metlife-incentives/122...

Funny. As Tom said its hard to believe they acted this quickly. Of course I don't think they did act this quickly. I'm normally very suspicious of all politicians and wanted desperately to give McCrory a break. After all he was a refreshing change from Smiley and Sleasely.
Unemployment, pay raises for appointees, double the number of appointees and now this?

Boy I'm having a hard time with this.....

Vog

Tom

Perdue gets credit.
No not Bev...
Her son - you know the one that went to work for Moore and Van Allen?
The same firm that brokered this deal
That Pat worked for or with?

Yeah. Politics in NC is corrupt as all get out
Its one thing that is bipartisan

Vog