Munich Re May Trim Headcount Through Voluntary Buyouts at Ergo Insurance Unit

German reinsurer Munich Re is planning to reduce jobs through attrition but may turn to voluntary buyouts at its ERGO insurance unit, CEO Christoph Jurecka said.

Speaking to journalists on Thursday evening in Munich, Jurecka said that natural fluctuation “may possibly not be enough” for Ergo, where many routine tasks can be automated.

(Reporting by Alexander Huebner, writing by Tom Sims, editing by Thomas Seythal)