Munich Re reinsurance restructure targets 900 job cuts

Sun, 03/18/2018 - 15:01
by Trading Risk

Munich Re said it would focus on cutting mid- and back-office staff as part of plans to axe 900 jobs by 2020.

The move forms part of a restructure of its traditional reinsurance business which is due to generate around EUR200mn ($247mn) of pre-tax gross savings.

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