Aon will cut up to 5,400 roles, compared to the 4,800 cuts previously announced, as part of a global restructuring plan that was put in place in 2017. The insurance and reinsurance broker has already axed 4,366 jobs at a cost of $982m. The restructuring is set to cost around $1.2bn, while savings from the plan are expected to be around $500m per year. In April, Aon’s chief executive, Mark Bertolini, said he would not rule out cutting more than 5,000 jobs, but only if it could save money.
Aon will cut up to 5,400 roles, compared to the 4,800 cuts previously announced, as part of a global restructuring plan that was put in place in 2017. The insurance and reinsurance broker has already axed 4,366 jobs at a cost of $982m. The restructuring is set to cost around $1.2bn, while savings from the plan are expected to be around $500m per year. The restructuring is aimed at increasing efficiency, connectivity and insight across the company.