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.

bobmaconbusiness.com

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>