Oct. 14, 2010 at 7:27 a.m.
Filed under:
Consulting,
Insurance,
Jobs/employment,
Layoffs,
M&A
By Becky Yerak
Aon Corp., a Chicago-based insurance brokerage and consulting firm, said it will cut 1,500 to 1,800 jobs globally over the next three years as part of its merger with Lincolnshire-based personnel consulting company Hewitt Associates.
It also said the headquarters decision for Aon Hewitt — the consulting arm — is “being worked out.” Aon is currently headquartered in one of the tallest buildings in Chicago.
The restructuring of the combined workforce and of the merged firm’s real estate holdings will cost $325 million, of which $180 million will be due to employee severance costs. Get the full story »
July 21, 2010 at 12:00 a.m.
Filed under:
Energy,
Environment
By Julie Wernau
By dimming lights or lowering water temperature on a massive scale, the owners of some of Chicago’s signature skyscrapers are banking on new technology that would dramatically cut the city’s energy usage and save millions of dollars.
The technology is being bankrolled by an unusual source: The Republic of Korea, which, under a complex agreement to be signed today, has agreed to install energy-saving equipment in up to 14 Chicago buildings during the next few months. Korean officials have pledged to pay millions to Illinois colleges for research and development efforts related to “smart grid” technology. Get the full story »
