Aon says no job cuts due to pandemic
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Aon PLC on Thursday said it would not cut its workforce due to the coronavirus pandemic.
The decision follows a similar commitment by rival Marsh & McLennan Cos. Inc. earlier this month.
In an emailed statement, Aon said: “We have an unwavering commitment to our colleagues, their families, our clients and other Aon stakeholders. No one at Aon is going to lose their job because of the COVID-19 outbreak."
Aon, which is the world’s second-largest brokerage, had about 50,000 employees in 120 countries at year-end 2019, according to its annual report. The brokerage announced last month it was buying No. 3 broker Willis Towers Watson PLC, but the deal is not expected to close until next year.
Dan Glaser, president and CEO of Marsh & McLennan, the world’s largest brokerage, announced via Twitter on April 2 that the company had established a $5 million fund for staff experiencing financial hardship and that “while we are in the thick of this pandemic,” employees’ jobs are secure.
Contacted by Business Insurance, Arthur J. Gallagher & Co., the world’s No. 4 broker, declined to comment on jobs. A spokeswoman said, “Gallagher is focused on our clients and our people and we are not planning on saying anything.”
Willis Towers Watson declined to comment.
Earlier this month, Chubb Ltd. said it would not layoff workers due to the pandemic.
More insurance and risk management news on the coronavirus crisis here.
