Bermudian job losses at ACE

Posted by on Oct 14, 2010 in Local News & Alerts | 0 comments

SEVENTEEN Bermuda jobs at re-insurer ACE will be cut, with most being Bermudian.

The company announced in a statement that the actions are meant to make its global financial management operations more efficient.

ACE will consolidate most of its financial management operations into what it calls a global finance shared service center in Philadelphia, US.

The cuts will effective by summer next year. It is understood that the affected employees have already been notified.

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