Business
‘Morale is at an all-time low’: AMP Australia to cut 20pc of staff – Sydney Morning Herald
AMP’s bank and wealth business is headed for a restructure that will shrink its workforce by around 20 per cent over the next year, saving $300 million.
The Finance Sector Union said it had not received any information from AMP about planned changes to employment contracts. The last change notification from AMP was from April and it wasnt big in terms of numbers of jobs, FSU national secretary Julia Angrisano said.
AMP announced in April chief executive Francesco De Ferrari would resign from the company around July and be replaced by former ANZ deputy chief Alexis George.
Mr De Ferrari was midway through a three-year strategy to simplify AMP, but…
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