AXA jobs cuts could include IPAC planning positions
Financial planning roles in dealer group Ipac are to be included in AXA Asia Pacific's plan to cut 120 positions across the group.
The job cuts were communicated in a memo to AXA staff this morning.
An AXA spokesperson confirmed that the jobs in question are mostly operational positions but that some salaried financial planning positions in Ipac could be among those affected.
The bulk of the cuts are understood to be coming from the group's head office in Melbourne.
The review is reportedly being undertaken to rein in costs as a result of the impact of falling equity markets on the wealth management industry.
It follows the cutting of 90 mostly contractor positions across AXA's Australian operations late last year.
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