Marsh & McLennan to cut British jobs

INSURANCE broker Marsh & McLennan could cut hundreds of jobs in Britain this spring, it emerged yesterday.

The US-owned company is reported to be considering repeating a cost-cutting exercise that saw 280 jobs lost in Britain last November as part of a 3,000-strong global cull. The company employs nearly 400 people in Ireland.

The job cuts could come as soon as the end of March, when the company completes a review of its business.

Marsh & McLennan is a global professional services firm with annual revenues topping some $11 billion.