Insurance Post

Ergo to cut 600 jobs over three years

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German insurer Ergo Versicherungsgruppe, a unit of reinsurer Munich Re AG, will cut 200 back-office positions every year for the next three years.

The 200 job cuts for 2013 have already been decided, but the 200 for 2014 and 2015 are still subject to revision at annual review sessions in the coming years, the company said, owing to weak growth

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