Internal restructuring
United Kingdom
Location of affected unit(s)
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

200 jobs
Number of planned job losses
Job loss
Announcement Date
12 September 2012
Employment effect (start)
1 October 2012
Foreseen end date


Insurance company Zurich has announced plans to cut 200 jobs across the UK in an effort to cut costs. The cutbacks were blamed on the market backdrop and imminent regulatory and market changes. The company is not cutting any product lines and will maintain a focus on the advisory market. As part of the restructuring, the number of branch offices is being streamlined from nine to five by the end of October 2012.


  • 12 September 2012: Money Marketing


Eurofound (2012), Zurich, Internal restructuring in United Kingdom, factsheet number 74144, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74144.