Insurance Post

Swiss Re planning to cull 1700 workers following GE take-over

Swiss Re plans to cut up to 1,700 jobs following the acquisition of General Electric's GE Insurance Solutions unit in November, CEO designate Jacques Aigrain said.

Speaking in an interview with the Financial Times, Mr Aigrain said he expects
the synergy effect from the 1bn sfr deal to result in job losses of 10-15 pct of
the combined group's total workforce.


Swiss

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