News

MassMutual expanding in state, cutting in Connecticut

Posted: Updated:
MASSACHUSETTS -

Massachusetts Mutual Life Insurance Co. says it’s 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.

According to the company, it means 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.

AP wire services helped contribute to this report.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."