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

📆 30/10/2023 5:40:00
📰 FinancialReview

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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.

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