Munich Re, the reinsurance group is the second largest in the world, plans to spend up to one billion euros (1.1 billion dollars) from now until the year 2020 to restructure the operations of direct insurance units are doing eat losses of this group in the German market.The plan to restructure the operations of Ergo in Germany include 1.835 cuts jobs, equivalent to about 13 percent of the labor force in Germany by insurance company based in the city of Dusseldorf, according to this group, said in a statement.
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