Germany's Munich Re to cut costs but no job losses planned

NAMPA / DPA
2025-12-11
Munich (dpa) - Munich Re, one of the world's leading reinsurance companies, said on Thursday that it aims to boost profits by the end of the decade, partly through greater savings. At the Bavaria-based company's presentation of new medium-term targets, outgoing chief executive Joachim Wenning said the group aims to cut costs by ?600 million ($699 million) by 2030, with ?200 million to be saved as early as next year. Wenning and his designated suc......
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OMARURU, 11 December 2025 - Minister of Home Affairs, Immigration, Safety and Security Lucia Iipumbu  and NCS Commissioner General Raphael Hamunyela Hamunyela inspecting the parade of the 153 graduates from the Namibian Correctional Service’s ninth Basic Orientation training course at the Lucius Mahoto Correctional Service Training College on Thursday. (Photo by: Isabel Bento) NAMPA

OMARURU, 11 December 2025 - Minister of Home Affairs, Immigration, Safety and Security Lucia Iipumbu and NCS Commissioner General Raphael Hamunyela Hamunyela inspecting the parade of the 153 graduates from the Namibian Correctional Service’s ninth Basic Orientation training course at the Lucius Mahoto Correctional Service Training College on Thursday. (Photo by: Isabel Bento) NAMPA

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OMARURU, 11 December 2025 - Some of the 153 trainees who graduated from the Namibian Correctional Service’s ninth Basic Orientation training course at the Lucius Mahoto Correctional Service Training College on Thursday. (Photo by: Isabel Bento) NAMPA

OMARURU, 11 December 2025 - Some of the 153 trainees who graduated from the Namibian Correctional Service’s ninth Basic Orientation training course at the Lucius Mahoto Correctional Service Training College on Thursday. (Photo by: Isabel Bento) NAMPA

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UIS, 10 December 2025 - Erongo Governor Natalia |Goagoses greeting some attendees of the International Human Rights Day and Namibian Women’s day commemoration held at Uis on Wednesday. (Photo by: Isabel Bento) NAMPA

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WINDHOEK, 10 December 2025 - Khomas Governor Sam Shafiishuna Nujoma laying a wreath at the Old Location Cemetery in tribute to those who lost their lives on 10 December 1959 (Photo: Andreas Thomas) NAMPA

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WINDHOEK, 10 December 2025 - Khomas Governor Sam Shafiishuna Nujoma (Photo: Andreas Thomas) NAMPA

WINDHOEK, 10 December 2025 - Khomas Governor Sam Shafiishuna Nujoma (Photo: Andreas Thomas) NAMPA

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