Coronavirus: Aon to cut employees salaries

In light of the economic and social impact caused by the Coronavirus outbreak, Aon, one of the world's leaders in brokerage, is to cut the pays of its employees.

As of 1 May 2020, 70% of the staff will see their salaries reduced by 20%. In return for these salaries' adjustments, the broker undertakes not to lay off any employees. Five executives, including CEO Greg Case, will have their salaries reduced by 50%.

Aon is a British multinational company specialising in insurance and reinsurance brokerage, it employs 50 000 people (2016 figures) and recorded a turnover of 10.770 billion USD in 2018. In 2019, Aon's market capitalization was established at 45.575 billion USD.