Allianz logos are pictured in front of the headquarter of Germany's largest insurance group Allianz AG in Munich, June 22, 2006. The company will cut nearly 7,500 jobs as part of a far-reaching restructuring plan designed to boost earnings, Allianz said on Thursday. Allianz said the measures would result in some 5,000 job cuts at its German insurance operations, a further 2,480 jobs would be cut at its [Dresdner Bank banking unit], most of them in Germany and about half of them in back-office functions.