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AIG may cut 125 jobs in U.K.

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Sources have said that American International Group Inc. may cut 125 jobs in the United Kingdom as it scales back in some nations and moves jobs to lower-cost locations, Bloomberg reports.

AIG has revealed its plan to reduce at least 200 jobs at five locations in New York City.

"To become a leaner, more profitable and focused insurer, AIG plans to reduce expenses by $1.6 billion through 2017," a spokesman for the insurer said in March.

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