Many MetLife jobs might not go to Charlotteans

Many MetLife jobs might not go to Charlotteans

Many MetLife jobs might not go to Charlotteans

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by DEON ROBERTS / Charlotte Observer

WCNC.com

Posted on March 8, 2013 at 4:18 PM

CHARLOTTE, N.C. -- Although insurance company MetLife is expected to give a 1,300-job boost to Charlotte, many of the positions might be filled by company employees relocated from other parts of the country.

After a press conference in Charlotte Friday to announce MetLife’s plans to create a hub in the city and another in Cary, city and state officials told the Observer that they don’t expect all of the 2,600 MetLife jobs that will be added to the state to go to North Carolinians.

MetLife officials could not be immediately reached for comment, but N.C. Commerce Secretary Sharon Decker said in an interview that 30 to 40 percent of the jobs might be composed of MetLife employees relocated to North Carolina through consolidations.

“They’re clearly expecting the majority of these jobs to come out of this market,” Decker said.

The 2,600 jobs are expected to be split evenly between Cary, which would serve as global technology and operations hub for the company, and Charlotte, which would be a home for MetLife’s U.S. retail business. All 2,600 jobs are expected to be created by the end of 2015, according to the Charlotte Chamber of Commerce.

MetLife is headquartered in New York and has a total of 64,000 employees.

The company is expecting to get incentives to bring the jobs to the state. North Carolina would give $94 million in tax incentives over 12 years. The city and Mecklenburg County could provide $2.9 million in tax rebates over eight years.

Mayor Anthony Foxx said a “small number” of the MetLife jobs for Charlotte will be filled by relocated employees.

“They’re really hoping to grow organically here,” he said.

Decker said the state’s technology and financial services industries also helped to lure MetLife.

“That was one of the things that made North Carolina so attractive was available work force,” she said.

The Friday press conference about the MetLife jobs was held at the Charlotte Chamber’s headquarters. At the event, Gov. Pat McCrory, who at one point hugged Foxx for the cameras, called the MetLife deal the biggest jobs announcement ever for the state.

“We cannot even find in the record books a job announcement this big for North Carolina,” he said.

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