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Slim-line Talanx looking to shed 730 jobs by 2015

Jobs cut sign

German insurance group Talanx plans to save €245m annually by cutting 730 jobs in a reorganisation of retail operations in its home market.

According to Reuters, the company will use partial or early retirement and natural fluctuations to reduce staff at its Retail Germany division over the next three years.

"The reorganisation of the

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