Prudential and A.I.G. Said to Outline Cuts

Any job losses from Prudential Plc’s planned $35.5 billion acquisition of American International Group’s Asian insurance arm will be mainly in back-office operations and not among sales forces, the companies’ chiefs told staff in Asia, sources informed Reuters.þþPrudential C.E.O. Tidjane Thiam and his A.I.G. counterpart Robert Benmosche are leading a series of “town hall” meetings across Asia that aim to allay concerns among staff of both companies.þThe C.E.O.’s are reiterating they plan to keep the businesses and brands separate, with overlap mainly in back- and middle-office operations, people who attended the meetings told the news service.þþA commenter at FT Alphaville said Wednesday that “Synergies = bloodbath at AIA. Benmosche helpfully offers restructured AIA employees jobs at other AIG units if they “don’t make the cut”.”þ