Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
65 - Insurance, reinsurance and pension funding, except compulsory social security

1,000 jobs
Number of planned job losses
Job loss
Announcement Date
3 April 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

Swiss Re, a global reinsurer offering financial services products, is to cut more than 1,000 jobs out of 11,560 across the world in order to reduce operation costs by CHF 400 million by 2010.


Sources

  • 3 April 2009: Hospod├írske noviny

Citation

Eurofound (2009), Swiss Re, Internal restructuring in World, factsheet number 68669, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68669.