Helvetia-Baloise is set to cut up to 1,800 jobs worldwide
The insurance group aims to reduce its workforce mainly through voluntary redundancies. It plans to cut 1,000–1,200 staff in Switzerland alone by 2028
The insurance companies Helvetia and Baloise, which merged at the end of 2025, are planning job cuts of between 1,400 and 1,800 globally. In Switzerland alone, as the CEO of the new Helvetia-Baloise insurance group explained to the Swiss newspaper *Tages-Anzeiger*,
Martin Jara said the job cuts are expected to affect between 1,000 and 1,200 employees by the end of 2028. According to the CEO, the job cuts are expected to be achieved mainly through retirement or voluntary resignations, with plans also to redeploy existing staff to the posts that will become vacant, so as to minimise the number of redundancies as much as possible.
According to Jara’s report, the greatest potential for synergy lies primarily in ‘support functions’, whilst, as regards customer service, the CEO has stated that he is unwilling to compromise.
In the interview, Jara also spoke out against the Federal Council’s proposal to raise the minimum age for early retirement under the occupational pension scheme from 58 to 63. “I regard this as an unacceptable interference in the lives of our citizens,” said Jara. “People have personally built up their occupational pension savings and should therefore be able to decide for themselves how to use them.”
