Standard Life says 500 jobs at risk in restructure

It will phase out up to 600 existing jobs and create about 100 new posts. The jobs under threat are in its UK and International businesses as well as its Group Corporate Centre. A sixth of the job reductions will be achieved through natural attrition, it adds, while 24 existing vacancies will not be filled. Standard Life says it will try to redeploy the remaining employees back in to the business and keep compulsory redundancies to a minimum. It will now enter into a 90-day consultation period with staff. The changes represent the second phase of what Standard Life calls an ‘organi...