Zurich on track to achieve the objectives of its restructuring plan
According to Mario Greco, general manager of Zurich Insurance, the company is planning to achieve a 700 million USD reduction in its operating costs by 2017, an amount that accounts for nearly half the objective of 1.5 billion USD savings by 2019.
M. Greco has also reiterated that the company favors organic growth.
For the record, Zurich started early 2016 a large-scale in-house restructuring program designed in particular to reduce operating costs. Back then, the Swiss company had announced its intention to shed 8000 jobs.
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