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JLT settles employment-related disputes with Willis
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Jardine LloydThompson Group Plc said April 8 that it reached a settlement withWillis regarding certain employment-related disputes involving a fine arts,jewelry and specie team hired by JLT in 2015.
A provision of approximately £22 million will be charged aspart of second-quarter results. This will be incremental to any previouslyrecorded litigation provisions.
The charge will be treated by the company as an exceptionalitem.
Terms of the settlement are "final andconfidential," JLT said.