Insurance group Standard Life to axe 600 jobs in major overhaul

Insurance group Standard Life to axe 600 jobs in major overhaul Target of £100m cost savings to be reached by 2011 Insurance and pensions group Standard Life is to cut 600 jobs over the next 15 months as part of a major overhaul of the business. The Edinburgh-based insurer’s new chief executive David Nish, who took over from Sir Sandy Crombie in January, is wielding the axe to streamline operations and shift the group’s focus to long-term savings products … Read more on Guardian Unlimited

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