Hundreds of Positions Eliminated from Northwestern Mutual

Hundreds of positions will be eliminated from Northwestern Mutual over the next two years. According to a statement from the company, approximately 100 positions will be eliminated this year and hundreds more eliminated next year.

Here is the full statement from Northwestern Mutual:

"As we invest in our strategic priorities to meet our clients’ current and future needs, we are also committed to maintaining our strong financial position during this period of unprecedented low interest rates. To balance these two goals, we’ve been evaluating how we work to better serve our clients. While we will continue to focus on hiring people with the skills we need and developing our teams, some positions will be impacted and these decisions have not been easy. Our Chairman and CEO John Schlifske told employees today that approximately 100 positions will be eliminated this year and hundreds will be eliminated next year."