Northwestern Mutual will cut hundreds of jobs
Northwestern Mutual will eliminate 100 jobs this year and hundreds more next year under the Milwaukee financial services company's plan to cut expenses, the company said Thursday.
The 'expense initiative' is necessary because of low interest rates that jeopardize the company's position as a low-cost producer of life insurance, the company's chief investment officer previously told the Milwaukee Business Journal.
The job cuts were announced at a company meeting by chairman and CEO John...