Marsh &amp; McLennan to Lay Off 3,000
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The Marsh &amp; McLennan Company, the troubled insurance and investment company, said today that it would lay off 3,000 employees, or roughly 5 percent of its work force, as it moved to right
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MARSH &amp; McLennan, the world&#39;s largest insurance brokerage, yesterday said it was axing 3000 staff around the world as it struggles with the fall-out from a kickbacks investigation by New York state&#39;s attorney general.
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Marsh &amp; McLennan, a subject of New York state Attorney General Eliot L. Spitzer&#39;s investigation of insurance bid-rigging, said it will lay off 3,000 employees, about 5 percent of its workforce.
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Marsh & McLennan Cos. MMC.N on   Friday said it will cut 750 jobs and take a $225 million charge   in its second cost-cutting plan in two years in a bid to save   $350 million annually.
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Marsh & McLennan Cos. MMC.N, on  Tuesday said it will stop accepting fees at the heart of a  lawsuit by New York's attorney general accusing the world's  largest insurance broker of rigging prices.
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Marsh &amp; McLennan Cos., the US insurance broker accused of rigging bids and taking ``payoffs,&#39;&#39; may cut jobs to help mitigate a drop in earnings, investors said.
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NEW YORK -- Marsh &amp; McLennan, the nation&#39;s largest insurance brokerage, said Tuesday it will lay off 3,000 employees, or about 5 percent of its work force, because of fallout from a bid-rigging scandal that has engulfed the insurance industry.
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Putnam Investments said Monday it will cut about 100 jobs, an announcement that came a week after parent company Marsh &amp; McLennan Cos.
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NEW YORK -- The chairman and chief executive of the insurance brokerage giant Marsh &amp; McLennan is stepping down. The company said Monday that Jeffrey Greenberg submitted his resignation and the board accepted it.
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Marsh &amp; McLennan, the US insurance broker being sued for alleged price fixing, is to cut 3,000 jobs as it faces a sharp decline in its revenues.
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NEW YORK -- Marsh &amp; McLennan Companies Inc. announced Friday that it was suspending its practice of using &quot;market services agreements&quot; with insurance carriers.
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Electronic Data Systems Corp. (EDS) plans to lay off between 15,000 and 20,000 employees over the next two years as part of an effort to slash $3 billion in costs, the company's Chairman and Chief Executive Officer Michael Jordan said Thursday during a question-and-answer session at a conference.
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Marsh &amp; McLellan, the US insurance broker at the centre of a bid-rigging probe, said today it plans to lay off 3,000 employees, or 5% of its work force, as it reported a 94% tumble in third quarter profits.
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The Motley Fool - In a move to further cut costs until top-line growth improves, Marsh &amp; McLennan (NYSE: MMC - News) has announced it is cutting an additional 750 jobs in an effort to save $350 million. While the move is another step in the right direction, Marsh still has a way to go toward regaining its former glory.
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Wireless carrier Sprint Nextel Corp   plans to lay off several thousand employees, the Wall  Street Journal reported on Monday.
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Insurance broker Marsh & McLennan  Companies Inc.  said on Thursday that it would sell its  troubled money manager, Putnam Investments, to a unit of  Canada's Power Financial Corp. . for $3.9 billion.
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NEW YORK -- Marsh &amp; McLennan Cos. Inc., the world's biggest insurance brokerage, said yesterday it will cut 750 jobs, consolidate some locations, and revamp its information technology structure to cut costs.