Venerable Insurance & Annuity layoffs, on the record
Every job cut, severance charge and restructuring Venerable Insurance & Annuity reported in its annual reports, 2015 to 2017, quoted from the filings.
Job cuts, severance and restructuring
Our summaryBefore the sale to Venerable closes, the company will carry out restructuring transactions with affiliates to move businesses and assets into and out of the company.
Word for word“At or prior to the closing of the Transaction, we will undertake certain restructuring transactions with several current affiliates in order to transfer businesses and assets into and out of the Company.” 10-K for 2017
Our summaryVoya Financial and the company are carrying out strategic, structural and process realignment and restructuring actions on the closed block variable annuity business to prepare for the closing.
Word for word“In order to position ourselves for the proposed closing, Voya Financial and we are actively pursuing strategic, structural and process realignment and restructuring actions with our closed block variable annuity business and Voya Financial’s former other assets that will be transferred as part of the Transaction.” 10-K for 2017
Our summaryAs part of the restructuring tied to the MTA, Voya Financial and Voya Holdings guaranteed the company's payment obligations as issuer of the Notes.
Word for word“As part of the restructuring associated with the MTA, effective December 28, 2017 Voya Financial and Voya Holdings entered into an agreement with us in order to provide a joint and several guarantee of our payment obligations as the issuer of the Notes.” 10-K for 2017
Venerable Insurance & Annuity has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Venerable Insurance & Annuity’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2018-03-16. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.