Just Retirement and Partnership merger puts 240 jobs at risk

Merger documents released to shareholders said cost savings could be made through "headcount reduction”. The combined business could see a 5% reduction in staff in the first six months post-merger. An additional headcount reduction of between 10% and 15% could follow in the following 24 months, the document stated. Just Retirement has about 800 staff members while Partnership employs about 400 meaning should the maximum 15% redundancy programme would mean 240 job losses. Both outfits made a round of job cuts when pensions freedom was first announced. However, the document, poste...