Japan's MS&AD to slash 6,300 jobs in domestic insurance business-Nikkei

MS&AD Insurance group

22/11/2022 07:48

TOKYO, Nov 22 (Reuters) - Japan's MS&AD Insurance Group
Holdings Inc  8725.T  will slash 6,300 jobs, or about 16% of its
group workforce, in the domestic insurance business by March
2026, the Nikkei business daily reported on Tuesday.
    The company aims to slash personnel costs and boost
productivity through the use of information technology amid a
rise in payouts for natural disasters, the paper said.
 (Reporting by Chang-Ran Kim: Editing by Neil Fullick)
 ((ran.kim@thomsonreuters.com; +81-3-4520-1228;))