USAA will move 240 jobs to its operations center in San Antonio, the company said Thursday.
In February, USAA announced a plan to close the company’s Sacramento office and part of its Norfolk, Va., office as part of a national real estate consolidation. The company is consolidating office space as part of a plan to reduce overall expenses.
There are some 625 people working in Sacramento and 475 people working in Norfolk. Those employees who decided not to make the move will be offered severance packages.
USAA will sell those facilities in Sacramento and Norfolk once all the employees have made their respective moves. As many as 550 employees have decided to remain with the company and work at one of four remaining USAA operations centers.
Of those employees who will be making the move, 240 individuals will relocate to San Antonio as part of the consolidation. Seventy-five individuals will move to Colorado Springs; 145 will move to Phoenix and 90 will move to Tampa, Fla.
In San Antonio, employees will work at the company’s massive headquarters campus near the South Texas Medical Center.
Employees in Sacramento and Norfolk primarily supported the company’s automotive and property and casualty lines of insurance. Employees who are moving to San Antonio will perform the same work.
About 50 workers in USAA’s Norfolk office will remain in Virginia but will switch over to work in the company’s claims and legal departments.
“We’re very pleased so many employees will stay with USAA, and we’re grateful to all employees in Norfolk and Sacramento for their ongoing service and professionalism throughout this process,” says USAA President and CEO Joe Robles.
“Their continued service and the high number of people who have chosen to relocate is is a reflection of a workforce that is passionate about our company, our members and our mission to serve military families,” he says.
San Antonio-based USAA provides financial planning, insurance, investments and banking products to members of the U.S. military and their families. The company has nearly 7 million members.
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