The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66.2 - Activities auxiliary to insurance and pension funding
750 jobs Number of planned job losses
Announcement Date
6 October 2005
Employment effect (start)
Foreseen end date
Description
Up to 750 jobs are to go at the insurance broker Aon's British operations as a result of reforms introduced following an investigation into corruption by the New York state attorney general, Eliot Spitzer, for directing business to certain companies and acting against customers' best interests. The broker is to cut jobs in areas where the staff work for the insurance providers rather than the clients seeking insurance, to fit in with the reforms. Back office jobs in personnel, marketing and finance will be cut in line with the reduction in overall size.
Sources
6 October 2005: The Guardian
Citation
Eurofound (2005), Aon, Jauch & Hübener, Other in United Kingdom, factsheet number 62382, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62382.
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