MassMutual expanding in Bay State, cutting in Connecticut - Western Mass News - WGGB/WSHM

MassMutual expanding in Bay State, cutting in Connecticut

Posted: Updated:

SPRINGFIELD, Mass. (AP) - Massachusetts Mutual Life Insurance Co. says it is expanding its business in Massachusetts, while closing a large office in Connecticut.

MassMutual said Thursday it plans to spend nearly $300 million in Massachusetts and increase its workforce in the state by approximately 70 percent by the end of 2021.

The company says that will mean increasing the number of positions in Springfield from about 3,000 to 4,500 and adding another 1,000 jobs at a new campus in Boston.

The company says it will close its offices in Enfield, Connecticut, by 2021, moving most of those 1,500 workers to Springfield.

The company says it plans to spend about $50 million upgrading its Springfield headquarters and another $240 million on the campus in Boston's Seaport district.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly
Powered by WorldNow CNN
All content © 2018, WGGB/WSHM; Springfield, MA. (A Meredith Corporation Station) . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.