Swiss Re is planning the suppression of 1700 jobs

Following the acquisition of the GE Insurance Solutions for the sum of 7.89 billion USD, the world's reinsurance leader has announced a 10 to 15% layoff of its staff, that is, about 1700 jobs in the course of the next two years. The restructuring plan is supposed to enable Swiss Re to achieve yearly savings of 365 834 000 USD as of 2008.

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