Aon to slash up to 60 jobs in Owings Mills

January 19, 2007|By Allison Connolly | Allison Connolly,Sun reporter

Aon Corp. plans to slash more than one-third of its work force in Owings Mills as part of a companywide restructuring that will consolidate administrative support services for its U.S. retail brokerage operation and outsource some of it to India.

The world's second-largest insurance brokerage said yesterday that it has notified 550 workers, including between 50 and 60 in Owings Mills, that their jobs will be eliminated over the course of the year. The Owings Mills office employs about 150.

The Chicago-based company will consolidate services at a support center in Glenview, Ill., and close centers in New York and Houston.

At its Premium Accounting Service Center in Owings Mills, Aon spokesman Rahsaan Johnson said, the company is outsourcing routine "back office functions" such as accounting support to Genpact, a business services firm headquartered in India. Affected Owings Mills employees will receive severance packages and job-placement assistance, the company said in a statement.

Aon acquired the Owings Mills office in 1997 with the purchase of New York City-based commercial insurance brokerage Alexander & Alexander Services Inc. At the time, the office had 400 employees and was home to most of Alexander & Alexander's administrative operations.

Last year, Aon announced a three-year restructuring plan that would save the company $210 million annually by 2008.

allison.connolly@baltsun.com

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.