Swiss insurance giant, Zurich Financial Services, has announced a cost-cutting exercise which could result in a reduction of headcount of up to 900.In a bid to cut costs by 10% by the end of the year, Zurich staff have been informed that between 700 and 900 jobs, in its general insurance arm, are going to [...]

More: 900 job losses at Zurich

This more or less somes up the attitude of the economic companies at the moment - I think there will be quite a few scenerios like this over the next year.

ouch...10%=900...That doesn't seem right. Why not cut the salary of some of the higher ups since they get to have over 50% of the profit and not make 900 people unemployed? Capitalism never fails to shock me!

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