Zurich reportedly to cut further 360 jobs globally

Zurich plans to cut a further 360 jobs in its global corporate business by the end of 2017, Reuters reported the Swiss insurer saying in a statement.

This latest tranche brings to about 1,800 the total number of job cuts or transfers expected. At the end of last year Zurich had approximately 55,000 staff.

Last month the company announced that 440 jobs will go at its UK general insurance business.

Zurich’s chief executive Martin Senn quit earlier this week in the aftermath of the firm’s failed takeover bid for RSA and a sharp drop in third quarter profit.