DUESSELDORF, Germany, June 1 Ergo, the
loss-making primary insurance business of Munich Re,
said on Thursday it had reached labour agreements on more than
half of the 1,800 jobs it aims to cut by 2021 as part of its
A year ago, Ergo announced plans to trim its workforce to
become profitable after years of losses.
Ergo also said on Thursday it had made strides in unifying a
disparate sales force that had previously sold products under
In addition, Ergo has increased its digital focus in an
effort to save costs.
(Reporting by Tom Sims; Editing by Maria Sheahan)