Nationwide Insurance cuts 90 jobs


Nationwide Insurance laid off 90 workers from the company’s northeast Portland offices.

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Nationwide Insurance laid off 90 workers from the company’s northeast Portland offices.

“Our lease is expiring at the end of this year,” Elizabeth Giannetti, a spokeswoman for the Columbus, Ohio company, said Saturday. “There were also key infrastructure upgrades that were needed there and the cost would have been hard to absorb.” 

Nationwide isn’t leaving Portland altogether, Giannetti said. The company will keep 39 employees at a yet-to-be-determined location. 

At the start of 2008, Nationwide had more than 400 employees in Portland. The company laid off 240 early that year.

Read more at OregonLive.com.

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