Updated: 4/11/2003; 10:17:46 AM.
economy
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Thursday, September 05, 2002
Zurich Financial reports $2 billion loss (4,500 jobs lost)

Financial giant Zurich Financial Services on Thursday reported a loss of $2.03 billion for the first half of this year and said it planned to cut 4,500 jobs, or 5.9 percent of its work force, in a restructuring.

The company said the job cuts would include 2,000 in the United States and Britain and 700 in Germany with most of the rest in Switzerland. The company currently employs 76,500 people.



9:47:54 AM  Google It!  comment  []    

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