AMP job cuts continue
AMP has indicated that job cuts are ongoing, as the company continues its efficiency drive.
Following media reports last month of “hundreds” of impending job losses as the wealth management company consolidates its Melbourne office, a spokeswoman confirmed there would be casualties across the business, but not in customer-facing roles.
She said the company was “still working through what this will look like”.
“We’ve been looking very closely at how we can become a more efficient business so we can free up resources to invest in new services for our customers,” the spokeswoman said.
“A part of this will be a reduction in jobs in some areas but it will not include any areas that have direct contact with our customers,” she said.
“Decisions like these are never taken lightly and we continue to keep our staff up-to-date.”
Last month, the Financial Services Union said AMP was looking to slash “hundreds” of jobs from its Melbourne office and ship them offshore to India.
Recommended for you
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
