Birmingham’s Protective Life plans to expand the number of its employees working virtually and, within two years, close six offices around the country.
The move will increase Protective’s virtual workforce to 40% of its overall employees, up from 19% before the pandemic.
“As we look to the future with a focus on growth and scale, we know there are benefits to expanding our virtual workforce, and throughout the pandemic, we have learned our employees can succeed in the virtual environment,” said Rich Bielen, Protective president and CEO. “Together, our virtual workforce and three core sites will complement each other, enabling us to serve more customers, deliver excellent partnerships, further attract talent, support our employees and increase our impact in the communities where we live and work.”
Over the next two years, Protective will close physical offices in Bannockburn, Illinois; Brentwood, Tennessee; Denver, Colorado; Elgin, Illinois; Fort Lauderdale, Florida; and Portsmouth, New Hampshire.
Protective Life, founded in 1907, has 3,000 employees across the United States and, as of June 30, had assets of about $123 billion.