Country Financial to eliminate nearly 200 positions, modify pensions

Posted on October 9, 2020

According to public relations manager Chris Stroisch, the company will also no longer offer a pension plan to new employees starting January 2021. (Photo courtesy Country Financial)

By HOI ABC

BLOOMINGTON – Country Financial will be eliminating approximately 200 positions throughout the company over the next 15 months.

Our news partner HOI ABC reports nearly half of those positions will be eliminated through attrition with the rest through displacements.

According to public relations manager Chris Stroisch, the company will also no longer offer a pension plan to new employees starting January 2021.

Current employees will receive a slightly modified pension plan.

Current salaried employees will also not be receiving a merit increase next year.

Stroisch adds the company plans to sell its corporately-owned regional office in Salem, Oregon. Most of the approximately 100 employees in that office will continue to work remotely as they have since the beginning of the pandemic.

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