Standard Life cuts costs with 500 job losses

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first_img More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org INSURANCE giant Standard Life said yesterday it would cut around 500 jobs between now and the end of 2011.The Edinburgh-based insurance and pensions group has entered a 90-day consultation period with staff about the cuts, though the company said it hopes that 100 jobs can be shed through natural attrition. “We will be trying to keep compulsory redundancies to a minimum,” said a spokesperson yesterday. Around 480 jobs will be cut in Edinburgh, with the remainder coming from regional and overseas operations. The firm said it will also create 100 new jobs in other areas.The cuts are part of a wider shake-up at the firm that has seen 11 directors leave and the merger of its sales, marketing and distribution units around the world. The firm aims to save £100m by the end of 2011. David Nish, Standard Life’s chief executive, said: “The decision is part of the journey towards being a more adaptable and flexible organisation.” Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoOne-N-Done | 7-Minute WorkoutAdvertisement 7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoBetterBe20 Stunning Female AthletesBetterBeUndo Standard Life cuts costs with 500 job losses whatsapp Sharecenter_img KCS-content Show Comments ▼ Wednesday 1 September 2010 8:19 pm whatsapp Tags: NULLlast_img

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