STANDARD LIFE IS cutting about 100 Edinburgh-based jobs linked to its direct sales force, even as it pays out big bonuses and awards pay rises to senior executives, writes The Scotsman.
Staff are expected to be briefed on the plans by 10AM this morning. The scene is set for protests from what are usually loyal staff who are already under pressure because of the previously announced strategic review of the company, which could result in thousands of job losses out of the 12,000 strong global workforce, the paper adds. The company’s 2.4 million with profits policyholders are also likely to be angered by the bigger executive pay deals and job losses. Nathan Parnaby, sales director, confirmed to The Scotsman last night that the direct sales force will not be abandoned...
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