EMCC European Monitoring Centre on Change

Zurich Financial Services

Zurich Financial Services

Geographic Location

Country: World


Sector: Financial services
Financial and insurance activities
65 - Insurance, reinsurance and pension funding, except compulsory social security
Number Employed: 70000

Employment Effects

Announcement Date: 05-09-2002
Planned Job Reductions min: 4500
Planned Job Reductions max: 4500
Type of Restructuring: Internal restructuring
Foreseen End Date: 01-12-2004

Additional Information

2000 jobs to be cut in UK and Asia; most of the redundancies could be normal staff turnover