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

240 jobs
Number of planned job losses
Job loss
Announcement Date
19 January 2017
Employment effect (start)
Foreseen end date


Zurich Insurance has announced plans to cut 240 jobs from its UK workforce. The insurer has decided to merge parts of its life and general insurance functions, which will result in lower demand for staff. Roles will be cut from back office positions such as finance and marketing. A statutory consultation period with affected staff has already started. This latest restructure follows a decision in the global business in 2016 to reduce the number of executives, which resulted in around 350 job cuts in the UK.  


  • 19 January 2017: Insurance Age


Eurofound (2017), Zurich Insurance, Internal restructuring in United Kingdom, factsheet number 89812, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89812.