Hagerty reduces workforce by 6% in cost-cutting drive
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Hagerty reduces workforce by 6% in cost-cutting drive

Rachel Dalton
December 01, 2022
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Classic-car insurer Hagerty has announced a workforce reduction of around 6%, or 103 employees, as it looks to cut costs.

The company said it expects to realize a non-recurring charge of around $11mn, mainly in Q4, associated with the job cuts and a previously announced voluntary retirement program.

It

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