Insurer Zurich Financial Services is to cut another $200 million in costs this year, mainly in its UK life business. After paring 4,500 posts from the payroll in an 18-month overhaul, Chief Executive Jim Schiro has said the firm could blend operations in Britain, continental Europe and the United States and shed more jobs through “natural attrition”. The cuts focus on the UK life business, where Schiro said one of the largest challenges lay and 450 jobs would go.
Zurich To Shed More Jobs, Mainly In UK Life Operations
Insurer Zurich Financial Services is to cut another $200 million in costs this year, mainly in its UK life business. After paring 4,500 posts from the payroll in an 18 month overhaul, Chief Executive Jim Schiro has said the firm
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