Aon Corp. reported it will cut 3,000 jobs, or 6 percent of its work force, and take up to $325 million in charges over the next few quarters in an effort to overhaul its operations.
Aon’s third-quarter profits rose 1 percent to $139 million, or 53 cents per share, compared to $138 million, or 52 cents, in the same quarter 1999, missing analysts’ forecasts by a penny per share. The company reported it would take between $250 million and $325 million in pre-tax charges for the reorganization, the majority of which would be recorded in the fourth quarter of this year and the first quarter of 2001.
Was this article valuable?
Here are more articles you may enjoy.
Drivers of Mercedes AMG Cars File Class Action Over Burn Hazard From Logo on Seat 
Taylor Farms Recalls Salsa and Guacamole Over Salmonella Risk 
Wildfire Forces Evacuations Across Top Canadian Wine Region 
Allstate Introduces Large Language Model, ALLIE From This Issue
