Job losses likely, says Marsh parent
Marsh and McLennan, the owner of brokers Marsh and Guy Carpenter, said it would cut up to 900 employ...
Marsh and McLennan, the owner of brokers Marsh and Guy Carpenter, said it would cut up to 900 employees as its second-quarter profit fell by 63.3%. "We have re-established the earning power of Marsh," said president and chief executive officer Brian Duperreault.
In the second quarter, consolidated revenue stood at $2.86bn (£1.55bn), up from $2.55bn from the second quarter of 2007. For the six months ended 30 June, consolidated revenue was $6.1bn, an increase of 10% from $5.54bn from the same
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