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News Focus - Swiss Re to cut 2000 jobs.
(From Reinsurance)
Swiss Re has confirmed that it will reduce its global workforce by up to 2000 positions through lay-offs and natural attrition in the wake of its final takeover of GE Insurance Solutions (GEIS).
The process of capturing the efficiency gains will be implemented in two steps: in a first phase, Swiss Re has reduced in excess of 250 positions, particularly at management level. In a second phase, to be completed in the next four months, Swiss Re will finalise the composition of its operating units worldwide, leading to an overall ...
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