SPRINGFIELD, Mass. (WWLP) – MassMutual has announced that they are adding some 1,500 jobs at their Springfield headquarters, the company announced Thursday.
The move is part of a nearly $300 million investment the company is making in operations in Massachusetts, which will include $50 million in upgrades to their State Street headquarters. The company is also planning on establishing a new campus at Fan Pier in Boston, which is expected to eventually employ some 1,000 workers.
At the same time, however, MassMutual spokesperson Jim Lacey told 22News that the company will be closing some of their facilities, including their offices just over the state line in Enfield, Connecticut. Lacey said it was likely that many of the approximately 1,500 workers at that facility will be coming to Springfield.
Congressman Richard Neal (D-Springfield) celebrated MassMutual’s decision Thursday, releasing the following statement on Facebook:
“This is terrific news for our community and state. MassMutual has made its home in Springfield for nearly 170 years. The company has been a solid corporate citizen that continues to invest its considerable resources locally. Today’s announcement that they are expanding their workforce in the city by 1,500 employees will have a significant and immediate impact on the region’s economy. I welcome Mass Mutual’s decision and believe it is vote of confidence in the City of Springfield and the Commonwealth of Massachusetts.”