Switzerland -Job cuts announced at insurer -May 15, 2014

Although net profit rose in the first quarter of 2014 from the same period a year earlier, thanks to returns on its investments, Zurich Insurance is continuing with a plan to cut hundreds of jobs in Switzerland and elsewhere.

Although net profit rose in the first quarter of 2014 from the same period a year earlier, thanks to returns on its investments, Zurich Insurance is continuing with a plan to cut hundreds of jobs in Switzerland and elsewhere. A three-year programme aims to save Zurich Insurance 180 million euros by the end of 2015, with measures including cutting 800 jobs and removing management layers between the group and its business units.

English: http://www.thelocal.ch/20140515/insurer-zurich-sticks-to-swiss-job-cuts-plan

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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