Partnership to cut 100 jobs in multi-million pound cost saving drive

In a note to the stock exchange, the firm said the 100 job cuts would - together with actions already taken - generate annualised cost savings of £21m in 2015. It added operating expenses next year would fall by about £80m. The job losses will come from the firm's London and Redhill operations. Partnership IPO documents state the firm has had 509 employees as at 31 March 2013. Chief executive Steve Groves (pictured) said: "While this is regrettable, we believe this action is necessary to manage our cost base to reflect the impact of the pension changes announced in the Budget on sa...