On the heels of its $4.9 billion acquisition of Hewitt Associates, Chicago-based Aon Corp. announced a three-year restructuring plan centered on eliminating 1,500 to 1,800 jobs, which it expects will save the company $280 million annually.

Intended to streamline operations across the risk management services and reinsurance brokerage, the restructuring came to light in a filing with the Securities and Exchange Commission.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.