AIG axing 3% of global workforce
US insurance giant AIG is planning to cut about 3% of its global workforce, primarily in its property casualty unit, according to reports, in spite of full year profits of almost triple last year’s equivalent figures.
AIG reported full year net income of $9.1bn for 2013, up from $3.4bn in the prior year, but also said it had taken a $265m severance charge at the end of 2013.
The charge has been reported to cover
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