EMCC European Monitoring Centre on Change

Zurich Financial Services

Company/Organisation:
Zurich Financial Services

Geographic Location

Country: United Kingdom

Company

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

Employment Effects

Announcement Date: 07-04-2004
Planned Job Reductions min: 450
Planned Job Reductions max: 450
Type of Restructuring: Internal restructuring

Additional Information

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.