Genworth to eliminate 85 jobs in Henrico

About 85 employees at Genworth Financial Inc.'s corporate offices in Henrico County were told Tuesday that their positions are being eliminated.

The insurance giant is shifting some of its back-office functions in its annuity business to Lynchburg as part of Genworth's ongoing review of its operations, spokesman Al Orendorff said.

About 40 of the jobs will be transferred to Lynchburg, where the company is expanding its call center operations. Those employees will have the option of moving.

Genworth has about 190 positions open nationwide, so some of the affected employees may be able to apply for those jobs.

In the end, Genworth expects to have a net loss of about 27 jobs in Virginia, he said.

Earlier this year, Genworth laid off 400 people at its Henrico headquarters and 230 at its Lynchburg operation as part of a worldwide effort to cut expenses by about $100 million a year.

The company is adding positions in its life and long-term-care businesses while slightly reduced the number of jobs in its annuity operations.

-- Gregory J. Gilligan