Zurich plans to make 90 redundancies from its UK life business as part of cost cutting measures in light of the challenging economic environment.
The global insurance firm said the job cuts would come from senior management, finance, legal, risk, compliance, operations and marketing. The company said the move was part of a wider group restructure of the business - designed to deliver greater efficiencies while remaining competitive. Zurich Global Life Europe chief executive and interim CEO for UK life David Sims said it was always hard to make redundancies but the uncertain economic outlook meant changes had to be made. He said: "This enables us to remain competitive and flexible so that we can meet the changing needs of our...
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