Aon reported its net income for the third quarter rose 92 percent, beating analyst's expectations, and announced another restructuring plan to eliminate 2,700 positions.
The Chicago-based insurance broker said its three-year reorganization plan will cut jobs in "predominantly non-client-facing roles," including 1,100 positions to be off-shored or outsourced. The cutbacks could save the company up to $510 million over a three-year period, Aon estimated.
Part of the plan will further consolidate operations including human resources, finance and information technology globally, and evaluate consolidation and simplification of European operations "on a country-by-country basis," simplifying real estate space.
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