Internal restructuring
United Kingdom
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
65.1 - Insurance

350 - 380 jobs
Number of planned job losses
Job loss
Announcement Date
23 August 2016
Employment effect (start)
23 August 2016
Foreseen end date
23 August 2016


Swiss insurance company Zurich has announced a reduction in the number of executives positions by 350 jobs. The UK cuts are part of global restructuring of the business that will ultimately result in a planned reduction of 20 per cent of executive roles worldwide. The company has said that no broker-facing roles will be reduced. These job losses are in addition to the loss of 440 UK jobs that occurred at the operational level and were completed by the end of March 2016 (see earlier fact sheet).


  • 23 August 2016: Insurance Age


Eurofound (2016), Zurich Insurance, Internal restructuring in United Kingdom, factsheet number 88388, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88388.