Marsh McLennan: Restructuring charges to reach $400mn amid workforce reductions

Senior executives at Marsh McLennan have said they expect the cost of an ongoing restructuring initiative – which includes workforce reductions and a rationalisation of its real estate footprint following its 2019 takeover of JLT – to total as much as $400mn, but noted the moves would result in $300mn in run-rate savings by 2024.