Browsing: CBK Market perception survey

• CIC Insurance Group PLC has announced plans to reduce its workforce by 10% through a Voluntary Early Retirement Programme.
• The move is aimed at driving cost efficiencies, simplifying organizational structures, and addressing complexities related to reporting lines.
• Staff at different levels are eligible to apply, with an attractive benefit package on offer.

CIC Insurance Group PLC has announced plans to release 10 percent of its staff through a Voluntary Early Retirement Programme. Group Chief Executive Officer Patrick Nyaga states that the move aims to drive cost efficiencies, simplify the organizational structure, and eliminate complexities related to reporting lines, among other factors.

Nyaga explains that the Group recently completed a review of its detailed organizational design, resulting in the adoption of a leaner, flatter, and more transparent structure. The new organizational setup seeks to optimize vital capabilities and eliminate functional and resource duplication within the Group.

CIC Insurance staff

Approximately seventy-five …