Marsh reveals headcount reduction plans on deal tie-up

Up to 5% of the combined JLT and Marsh workforce is at risk of job losses.

Marsh bought JLT in a $5.6bn deal yesterday, paying a multiple that is anywhere between 15 and 24 times earnings.

The global broker will be looking to make up some of that cost by cutting headcount.

Annual cost savings will be $250m amid $375 one-off integration costs. 

Meanwhile, top staff at JLT are expected to scoop a £100m payday. 

Marsh wants retention bonuses for key JLT staff.

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Why JLT reached the end of the road and sold to Marsh

 

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