Zurich Insurance plans to cut about 360 far more jobs worldwide

ZURICH Dec three Zurich Insurance coverage plans to reduce about 360 more jobs worldwide in its worldwide corporate business by the finish of 2017, the Swiss insurer said in an emailed statement on Thursday.

This brings the total number of anticipated job cuts or transfers to around 1,800. At the finish of last year Zurich had around 55,000 employees.

Zurich’s chief executive quit this week soon after coming below stress following a botched takeover bid and a stuttering performance in its main business, prompting the Swiss insurer to seek an outsider to get it back on track.

(Reporting by Paul Arnold Writing by Joshua Franklin)