News Formal

SUN ASX: Suncorp cuts management jobs in latest finance sector losses

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 90%

Business News News

Business Business Latest News,Business Business Headlines

But the company does not expect any other major changes ahead of an appeal on the decision to block the sale of its banking arm to ANZ scheduled for next year.

Suncorp is putting a scythe through insurance management ranks, cutting 25 leadership positions as it tries rejigging structures.

FSU president Wendy Streets said BoQ had not been consulting about the job losses, and the union was calling for better discussions. “It has been like prying teeth getting information from them ,” she said. The cutbacks at Suncorp follow a rejig of its structure around three core insurance divisions: consumer, commercial and personal injury cover, and New Zealand. Those divisions were announced in August with executives Lisa Harrison, Michael Miller and Jimmy Higgins all named as the divisional heads.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WHC ASX: Whitehaven’s coking coal buy to send earnings up 93pc, Citi saysThe investment bank’s brokers increased their price target on the miner’s shares despite the $5b deal being opposed by the company’s largest shareholder.
Source: FinancialReview - 🏆 2. / 90 Read more »