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  • mpressings mpressings Jul 26, 2011 12:57 AM Flag

    More Firings This Week At What's left Of Allstate....

    What do you base this diatribe on? What is the source of your information?

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    • 100s of agents being fired...........

      • 1 Reply to regarza75727
      • The original poster is correct. Wilson and his HR cronies put into place a huge salary reduction plan in the claims dept. it involves reducing the wages of already overworked people and the people with the most knowledge (long term employees). The salary cuts go into effect at the end of 2012. Some people will lose 2% or more of their salary based on a spurious and highly questionable "survey" that Allstate was "overpaying" employees. They refuse to release the survey as proof of their actions in spite of being asked to do so.

        This along with the mismanagement of the claims and sales operation has investors rightly concerned. The valuable resources at this company are being depleted which is of concern as this is a solid company with good employees both at the sales and claims end that has been mismanaged. Wilson have cut both sales and claims. Nothing good can result because it has not spurred growth nor make the company more profitable.

        I have sold most of my interest but not all. I would love to be an investor again in a solid American company but right now the BOD is asleep at the wheel. TW needs to go.

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