AXA XL to Potentially Cut Hundreds of Jobs in Europe as Part of Reorganization

AXA SA said Tuesday that AXA XL, its property & casualty and specialty risk division, will potentially cut 711 jobs in Europe as part of a plan to reorganize its structure.

Source: MorningStar | Published on February 13, 2019

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The French insurer said the plan was the next phase of the integration of several of its divisions, which will combine separate teams and activities into a single structure.

The 711 potential job cuts will be out of a workforce of 9,500 employees globally, AXA said.