Dutch Insurer Aegon NV, confirmed reports that as part of an ongoing restructuring, it will cut approximately 5% of its workforce , or approximately 400-500 jobs in the U.S. over the coming two years. The action will result in $70 million annual cost-savings.
Aegon is also restructuring its operations in the U.K., and hopes to cut costs by at least 25% by end of 2011.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access