Edeus to axe 30 staff

The cut, representing about 30 positions, follows yesterday’s announcement Kensington Mortgages will make 65 positions redundant. The lender says the cut is necessary as growth rates are expected to be lower in 2008, with the affected staff entering a 30-day consultation period. “We are acting to ensure that edeus retains its position of strength, with a team in place which is able to take immediate advantage of any opportunities when stability returns to the market,” edeus CEO Michael Bolton says. “Whilst we continue to operate in volatile market conditions, responsible and prudent len...