Aon Corp. management, despite reporting a 10 percent gain in second-quarter net income, said it plans workforce reductions for its United Kingdom operations as part of a move to cut costs and increase efficiency.
The Chicago-based firm has been planning to restructure since it stopped accepting insurers' contingency commissions that investigators have linked to bid-rigging and other misconduct.
Greg Case, Aon's president and chief executive officer, speaking during an analyst's conference call discussing the second-quarter results, said that changes in the way the company does business in its U.K. operation need to be done to drive down costs.
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