Allianz corporate unit announces restructuring.
BANKING AND CREDIT NEWS-July 2, 2020--Allianz corporate unit announces restructuring
(C)2020 M2 COMMUNICATIONS http://www.m2.com
Global Banking News - 02 July 2020
Allianz Global Corporate & Specialty SE, a unit of Germany-based Allianz Group (ETR: ALV), has announced a plan for a multi-year restructuring.
The firm said that the restructuring is aimed at streamlining the company. It said that the move is expected to provide savings of EUR200m by 2024. The exercise is also expected to create a more streamlined organisation with more efficient processes.
The company...
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