Insurance Broker Aon to Cut Up to 1,800 Jobs
Aon completed the $4.9 billion acquisition of consulting firm Hewitt Associates, which was completed on October 1, 2010. The restructuring plan will continue through the end of 2013. As part of the plan, Aon estimates it will cut predominantly non-client facing positions.
The restructuring plan will cost approximately $325 million, the company said, consisting of approximately $180 million in employee termination costs and approximately $145 million in real estate rationalization costs.
Hewitt has 29,000 employees globally, and Aon has more than 36,000 employees, according to the companies.