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More Massive Job Losses In Service Sector Announced

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Tuesday June 20, 08:43 AM

Old Mutual to cut jobs as eyes growth at Skandia
Old Mutual, the London-listed insurer, will cut up to 800 jobs as part of the integration of Skandia (as it aims to double funds under management at the company within five years.
Around 600 of those job losses would be in the UK
, where the company aims to save £26m, with between 50 and 100 lost both at the Skandia head office in Sweden and around the rest of the world.

Now its not just manufacturing and retail that are losing jobs. With 1000 announced yesterday at RSA and 600 today the numbers are stacking up.

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  • 301 Brexit, House prices and Summer 2020

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      • down 5% +
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