Zurich has announced 240 jobs are to be cut as part of a restructuring that will see the group's life and general insurance arms brought together under a single leadership team.
According to Zurich, the resulting "simpler structure" will work towards future success and help strengthen customer relationships. The job losses are primarily expected to come from back-office and other non-market facing areas, such as finance, operations and marketing, as a result of merging departments. Zurich CEO Tulsi Naidu (pictured), who assumed that role last November having joined the group as head of business development for EMEA two months earlier, said: "This integration does mean proposals are underway to remove some roles from the UK business." She added: "Making these ...
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