23-08-2016 11:54 via insuranceinsider.com

Zurich to cull 20% of execs: reports

Zurich will cut around 20 percent of 1,900 executive roles as
part of CEO Mario Greco's wider cost-cutting plans, according
to reports.
Swiss newspaper NZZ am Sonntag said the latest round of
job cuts was part of the 8,000 jobs planned to be culled from the
organisation by 2018.
Sources told the Swiss newspaper that management would be first
in line for cuts, before staff layoffs at the lower levels of the
organisation.
Of the 1,900 executives whose jobs are...
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