Money Watchers: MetLife jobs leaving RI for NC

Insurance giant MetLife Inc. is moving 2,600 jobs from offices in four Northeast states and California to North Carolina, which is offering tax and other incentives that could be worth almost $100 million.

More than 200 jobs from MetLife's Warwick location will be moved south.

MetLife has not confirmed the total number of jobs to be transferred, but Warwick's mayor said 243 jobs will be lost locally.

The auto and home divisions will remain in Warwick.

Critical managers are being asked to move, while other employees will be allowed to re-apply for their jobs once MetLife finishes two new office campuses in North Carolina.

MetLife said jobs will also be shifted from Lowell and Boston, Mass.; Somerset, N.J.; Bloomfield, Conn.; Johnstown, Pa.; and Aliso Viejo and Irvine, Calif.

The positions will be consolidated in Charlotte and the Raleigh suburb of Cary, with each landing about 1,300 jobs. Charlotte will be the U.S. headquarters for MetLife's retail business, while Cary becomes a global technology and operations hub.

MetLife spokesman John Calagna said the company employs about 23,000 U.S. administrative staffers and the consolidation will allow teams to work together in the same location while cutting MetLife's real estate presence.