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Article: Aon Announces 2007 Restructuring Plan.
- Article from:
- PR Newswire
- Article date:
- October 31, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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- Actions intended to streamline organization and improve ability to serve clients
- Plan is expected to result in $240 million of annualized savings by 2010
CHICAGO, Oct. 31 /PRNewswire-FirstCall/ -- Aon Corporation today announced a global restructuring plan intended to create a more streamlined organization and reduce future expense growth to better serve clients. The restructuring plan is expected to result in cumulative pretax charges of approximately $360 million, encompassing workforce reduction, lease consolidation, asset impairment and other costs associated with the restructuring program. The plan, before any potential reinvestment of ...