Zurich Insurance to Cut Up to 800 Jobs to Save $250 Million

By | March 11, 2014

  • March 12, 2014 at 10:32 am
    Consultant says:
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    WOW…Do the math, that is $312,500 per employee. No wonder they need to cut cost. I would gladly work for them for half that amount, give them a hard days work and save them 50%

    • March 17, 2014 at 12:36 pm
      Ed says:
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      Sounds about right.. Probably salaries averaging 180k, benefit costs of 60-80k, stock options and tax increases due to layoffs.

      • March 17, 2014 at 4:07 pm
        FFA says:
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        Let me guess – most of the cuts coming in the Il Office. TX getting another influx of jobs?



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