AIG is reportedly scaling back in certain countries and moving jobs to lower-cost locations. (Photo: Bloomberg)

(Bloomberg) – American International Group Inc., the insurer under pressure from activist investors, may eliminate about 125 positions in the U.K. as it scales back in certain countries and moves jobs to lower-cost locations, according to people familiar with the plan.

The company could reduce the region’s staff by as much as 5%, said the people, who asked not to be identified discussing a plan that hasn’t been disclosed publicly. Based on the headcount of 2,500 there, that means 125 could be affected, according to one of the people. Employees were informed of the plan last month in a note from the chief executive officer of AIG’s U.K. operations, Anthony Baldwin, the people said.

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