Aon: No Coronavirus Layoffs
Aon PLC 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 to Business Insurance, 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. However, Aon PLC is imposing an approximately 20% salary cut on about 70% of staff due to the COVID-19 crisis.
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.