Reuters logo
Zurich Insurance to cut nearly 10 pct of staff in Germany
October 15, 2015 / 3:21 PM / 2 years ago

Zurich Insurance to cut nearly 10 pct of staff in Germany

ZURICH, Oct 15 (Reuters) - Zurich Insurance Group plans to cut up to 500 jobs from its 5,500-member workforce in Germany over the next two years as it consolidates operations, the Swiss insurer said, confirming German media reports.

A company spokesman in Germany said the programme was limited to Germany and sought to cut costs at a time the company was investing 200 million euros ($228 million) to make its operations there more efficient.

The aim was to cut jobs without mandatory layoffs, he added. ($1 = 0.8775 euros) (Reporting by Michael Shields and Angelika Gruber)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below