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Coyote
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Pacific Life news

Post by Coyote »

OWH wrote: Pacific Life to open office downtown

Pacific Life Insurance Co. will have 30 employees working at the 1200 Landmark Center in downtown Omaha by mid-December, the first of about 250 people who will staff the company's new regional business center within three years.

The company, from Newport Beach, Calif., is leasing the 10th, 11th and 14th floors, occupying 57,879 square feet in the 15-story building. Remodeling of the space is to be completed in January.

Pacific Life is opening the office as part of an agreement to shift its legal residence to Nebraska to take advantage of the state's favorable insurance tax rates. The company also had considered locations in Lincoln and suburban Omaha.

Company spokesman Tennyson Oyler said some of the new employees have been hired locally and some are transferring from other locations. Job applicants have been sending résumés to the company's Web site, but most of the hiring will be done in mid-2005, he said.
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Post by Brad »

Pacific Life Insurance eliminates 12 Omaha positions

http://www.omaha.com/article/20091027/MONEY/710019998
Steve Jordon WORLD-HERALD STAFF WRITER wrote:Pacific Life Insurance Co. has eliminated the positions of 12 employees at its Omaha regional service center because of declining demand and projections for the annuities and mutual funds market.

The cuts leave 277 employees at the downtown Landmark Center, Tennyson Oyler, a spokesman at the company’s headquarters in Newport Beach, Calif., said Monday.

He said 11 of the terminated employees were in sales support and one worked at the information technology help desk.

The former workers are receiving severance benefits and help in finding new jobs.

“We’ve been refocusing our product mix,” Oyler said, because investors have been seeking lower-risk investments since the stock market dropped last year.
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