The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Transamerica Investment Management Dodges the Ax Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, December 03, 2010

Transamerica Investment Management Dodges the Ax

Reported by Neil Anderson, Managing Editor

It looks like Transamerica's [see profile] mutual fund business won't be suffering cuts in Aegon's planned U.S. headcount reduction. On Wednedsay the Dutch multinational revealed plans to slim down by 400 to 500 jobs in the U.S. over the next two years (see The MFWire, 12/3/2010). A company spokesman subsequently confirmed that Transamerica Investment Management won't be directly affected.

Aegon spokesman Matt O'Rourke told The MFWire.com that the company will reduce its Louisville, Kentucky headcount from about 400 to about 120 over the next two years, while about positions in the Cedar Rapids, Iowa back-office will be affected when that operation is combined with one in Pennsylvania. None of those positions are part of Transamerica Investment Management, which includes Aegon's U.S. mutual fund business.

The Cedar Rapids facility handles printing and mailing, mostly for the life insurance business, so the impact of that move on the mutual fund business should be minimal. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use