Zurich Financial Services

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
450 jobs
Number of planned job losses
Job loss
Announcement Date
7 April 2004
Employment effect (start)
Foreseen end date

Description

Zurich Financial Services is slashing 450 jobs in its UK life business to save $200m. The move follows a cull of 4,500 people in the firm worldwide during the last 18 months.

Sources

  • 3 April 2004: The Guardian

Citation

Eurofound (2004), Zurich Financial Services, Internal restructuring in United Kingdom, factsheet number 60293, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60293.