Swiss Re announces 1,150 job cuts

"Swiss Re has announced plans to cut 10% of its 11,560 staff following record losses that forced the company to turn to Warren Buffett for capital.
The reinsurance firm said the jobs will be axed within the next year, saving the company 400m Swiss francs ($350m) by the end of 2010.
Last month the group reported its [...]" (2009-4-2)
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