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Swiss Re to cut 11 560 headcount by 10%

Swiss Re intends to reduce its current global headcount of 11 560 by approximately 10% over the next twelve months. This is part of the previously announced plan to introduce cost reductions of CHF 400m by the end of 2010.

In a statement it said: "In line with Swiss Re's focus on profitable core reinsurance business, the company will continue to explore opportunities to free up capital in order to deploy it to the most

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