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Source: MorningStar | Published on February 13, 2019
AXA SA said Tuesday that AXA XL, its property & casualty and specialty risk division, will potentially cut 711 jobs in Europe as part of a plan to reorganize its structure.
The French insurer said the plan was the next phase of the integration of several of its divisions, which will combine separate teams and activities into a single structure.
The 711 potential job cuts will be out of a workforce of 9,500 employees globally, AXA said.
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