Swiss Life Posts H1 Profit Rise Amid Plans to Cut 600 Jobs

Swiss Life reported an 8 percent increase in first-half profit, surpassing return-on-equity targets, while simultaneously announcing a workforce reduction of up to 600 positions. The job cuts are being implemented to accelerate the insurer's ongoing digital transformation strategy.

1 Sept, 08:44 — 1 Sept, 08:44

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swissinfoHigh26m ago

Swiss Life to cut around 600 jobs by 2028

Insurer Swiss Life is set to cut around 600 jobs by 2028. This will affect Swiss Life Switzerland and Swiss Life Asset Managers in roughly equal measure, primarily abroad. A large proportion of this is to be achieved through “natural wastage”. The company currently employs around 11,000 staff. In a statement issued on Tuesday, Swiss Life justified the move by citing the “profitable expansion of the business beyond 2027 and the need to improve efficiency, partly through the opportunities offer...

By swissinfo.ch

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