Understanding Assurant Layoffs and Severance

Assurant layoffs can be a challenging and uncertain experience for those affected. Over 3,000 employees were let go in 2022, with many more facing uncertain futures.

The layoffs were announced in a statement from the company, citing a need to "streamline" operations and "align" with changing market conditions. This language is often used in corporate speak, but it can be tough to hear for those on the receiving end.

Severance packages were offered to some employees, providing a financial cushion during this transition. However, the specifics of these packages varied widely, with some employees receiving more generous support than others.

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Assurant is undergoing significant layoffs, with multiple locations affected. The company plans to consolidate its workforce, resulting in job losses.

The Lawton, Oklahoma plant will be closing next year, with approximately 230 employees facing layoffs. These layoffs will start within the next 60 days. Assurant Solutions' Vice President of Communications Director Patrice Eastham confirmed the news, stating that the company will consolidate its workforce into existing plants in Albany, Oregon, and Miami, Florida.

The company has 175 jobs available at its out-of-state locations, but it's unclear how many of these will be filled by the affected Lawton employees. Eastham mentioned that the company was forced to consolidate due to economic reasons, citing underutilized capacity at other acquired plants.

In another location, Assurant will lay off 442 workers in York due to consolidation. The company plans to close its device care center, with layoffs likely beginning on January 2, 2024, and concluding by May 2024.

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The first wave of layoffs at the Lawton plant of Assurant Solutions will start in the next 60 days, affecting approximately 230 people.

The company is consolidating its workforce into existing plants in Albany, Oregon and Miami, Florida.

Assurant Solutions' Vice President of Communications Director Patrice Eastham said the company has 175 jobs available at its out-of-state locations.

The layoffs are due to economic reasons, including the global financial crisis that has devastated the banking industry.

Barry Albrecht, CEO of Lawton's Economic Development Corporation, understands the difficulty of layoffs but remains optimistic about the call center industry's potential for growth in Lawton.

Lawton has been underserved in the data collection industry, and the development corporation is working to attract larger companies to the area.

The Lawton plant's closure will have a multi-layered effect on the local economy, according to economic experts.

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442 workers in York will lose their jobs as Assurant closes its York County operations next year due to consolidation.

The layoffs will affect 429 employees from the device care center at 625 Willow Springs Lane, East Manchester Township, and 13 associated employees from the 58 Grumbacher Road, Suite C, Manchester Township, facility.

No workers impacted are unionized.

If you're one of the Assurant employees who received a layoff notice, you're probably feeling a mix of emotions and uncertainty about what's next.

Severance packages can vary widely, but in the case of Assurant, they typically include a lump sum payment, continuation of benefits for a certain period, and outplacement assistance.

You'll want to review your severance agreement carefully to understand what's included and what's expected of you in return.

The standard severance package for Assurant employees includes 12 weeks of continued pay, plus an additional week for each year of service, up to a maximum of 26 weeks.

You may have the option to negotiate the terms of your severance package, especially if you have a strong employment history with the company.

Assurant's severance package also includes outplacement assistance, which can help you transition to a new job more quickly.

The key is to understand what you're getting and what you're giving up in exchange for the severance payment.