NU Online News Service, Aug. 4, 1:41 p.m. EDT
Willis Group Holdings has eliminated approximately 600 positions so far this year as part of its operational review, leading to a second-quarter charge of $18 million and contributing to a 2 percent drop in net income.
Reporting its second-quarter results today, the London-headquartered broker says it eliminated 150 positions in the second quarter, costing the firm $9 million in severance costs. Willis says it paid $57 million in severance for the elimination of 600 positions during the first half of the year.
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