Swiss Life to cut around 600 jobs by 2028

Insurer Swiss Life is set to cut around 600 jobs by 2028. This will affect Swiss Life Switzerland and Swiss Life Asset Managers in roughly equal measure, primarily abroad. A large proportion of this is to be achieved through “natural wastage”. The company currently employs around 11,000 staff. In a statement issued on Tuesday, Swiss Life justified the move by citing the “profitable expansion of the business beyond 2027 and the need to improve efficiency, partly through the opportunities offered…