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Home » Liberty Mutual Workers Leaving Dover NH But Tax Payments Continue
🔴 The relocation of 1,225 Liberty Mutual employees from Dover to Portsmouth will take most of 2023 🔴 Payments will continue to be made by the city’s largest taxpayer 🔴Margaret Joyce, President of the Greater Dover Chamber of Commerce hopes the company will continue to have a presence in the city.
Liberty Mutual, Dover’s largest source of tax revenue, is moving its workforce to Portsmouth, but City Manager Mike Joyal said the company will continue to pay tax on the buildings until they are sold.
The insurance company will shortly begin relocating its 1,225 employees from the two buildings on Liberty Way to its Portsmouth office on Borthwick Avenue, 15 miles away. Another 770 workers assigned to Dover who are permanently working from home will also be reassigned.
“We are continually evaluating ways to create workspaces where our hybrid workforce can purposefully come together to collaborate, innovate and connect. At the same time, we want to be fiscally and environmentally responsible by optimizing our offices and reducing dead space,” company spokesman Glenn Greenberg told Seacoast Current.
Greenberg said the move will take most of the year and nobody will lose their jobs. Liberty Mutual has had a presence in Dover since 1996.
Pay taxes on vacant buildings
Joyal told Seacoast Current that while the city is disappointed to see Liberty leave Mutual, he expects the company to continue paying taxes on the property.
“Dover is our largest taxpayer. That is not going to change. This property will continue to be taxed. Liberty is a very successful business and we expect they will continue to make their tax payments and we will work with them on how they wish to dispose of them.” the buildings to reuse, whether for another business entity or other appropriate use. Those buildings will remain active,” Joyal said.
The property is valued at $69.7 million, according to city tax records. The company paid $1.3 million in taxes.
No advance warning
Joyal said the city council received no advance warning from Liberty Mututal following their decision. But he’s not surprised the company is consolidating as more people continue to work from home in the wake of the pandemic.
“Obviously, companies across the country, if not the world, are making adjustments to their workplaces as they find success with remote work for employees and the elimination of the need for large office space,” Joyal said.
Greenburg said the company employs approximately 3,100 people between Dover and Portsmouth.
“Today, this footprint accommodates more than 4,500 employees; in the future, however, we assume that we will need 500 to 1,200 jobs per day for our hybrid workforce.
Margaret Joyce, President of the Greater Dover Chamber of Commerce, hopes the company, a longstanding member, will continue to have a presence in the city.
“Many Liberty employees live in the Dover area and will no doubt continue to be active members of the community – shopping at our local retailers, eating at our restaurants, etc.,” Joyce said.
Contact reporter Dan Alexander at [email protected] or via Twitter @DanAlexanderNH These are 30 of the best places for chicken wings in New Hampshire