New jobs in California
Friday, October 31st, 2008Blue Shield’s call center of California will soon create 900 or more new jobs in Lodi. The company’s 148,900-square foot building recently greeted its first wave of new hires. It expects to have almost 1,000 employees by the Thanksgiving holiday and hopes to grow to add hundred more, according to Blue Shield executives.
The two-story call center will have the ability to house as many as 1,050 employees when fully finished, but has left room for growth. If the company ends up seeing the need for a second phase of construction, then there could be as many as 500 additional new jobs. Currently Blue Shield is the largest employer in Lodi, California.
The health insurance provider has budgeted approximately $50 million for the project, which is considered to be highly beneficial to both Lodi and San Joaquin County during a time when many areas are suffering economically. During the month of September, San Joaquin County had one of the highest unemployment rates in California, meaning that these new jobs stand to make a significant difference.
“We feel very strongly about bringing jobs to Lodi,” said the city’s vice mayor Larry Hansen. “It’s happening, and it’s very exciting.”
Since Blue Shield is part of the healthcare industry, it has the ability to create many new jobs while other sectors are having trouble maintaining their current levels of employment. According to a forecast put out by the U.S. Department of Labor, health care services will ad 4 million new jobs between 2006 and 2016.
Since 2005, Blue Shield’s operating income has increased by 27 percent. This means that in the last few years its profits have jumped from $249 million to $318 million, according to the insurance provider’s 2007 annual report. The company’s total revenues exceeded $8.3 billion during last year.
“We are financially strong, and we prepare for times of economic turmoil,” said Blue Shield spokesperson Erica Perng.
Although construction continues at the company’s Lodi facility, Blue Shield already has around 70 employees working there.
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