Challenger confirms back-office job cuts
Challenger Financial Services Group has confirmed that it has made job cuts across its businesses, but would not disclose the number of job losses.
The most recent cuts at Challenger follow another round of job cuts made late last year. A spokesperson for the company said both sets of redundancies were made as a result of restructuring, with Challenger combining its listed and unlisted funds management businesses.
According to a spokesperson for the group, the latest round of cuts has predominately affected staff in back-office roles including operations, marketing and client administration in both Melbourne and Sydney.
While the spokesperson would not rule out further job cuts in the foreseeable future, the spokesperson did say there would be no more cuts in relation to the restructure.
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