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Willis confirms 400 job cuts

Willis has confirmed it will be making redundant around 400 employees, primarily in the UK in both its retail and London Market operations.

Revealed in its third quarter results, Willis said the severance costs over those three months were $25m (£13.35m).

In the results, Willis Group's operating income rose by 47% to $97m (Q3 2005: $66m)

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