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Aon plans to eliminate 1,400 positions by 2007, 750 of which will be in the United Kingdom, as part of its three-year restructuring plan, the Chicago-based insurance broker said.

In its third-quarter earnings report released late yesterday, Aon said its restructuring plan, announced in the second quarter, would result in an estimated $250 million in pre-tax charges for employee termination and lease consolidation costs, asset impairments, and other costs. Annualized savings are targeted to be $150 million by 2008. Restructuring expenses amounted to $35 million in the third quarter of this year.

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