AMP to cut wealth jobs
Financial planning arm could shrink by as much as 30%
Australian financial services giant AMP confirmed that the group will be making some redundancies across its wealth arms.
According to local newspaper The Sydney Morning Herald,most of the redundancies will be made across the firm’s investment and banking operations, namely AMP Capital and AMP Australia.
While many human resources and legal services jobs will be at risk to avoid duplications of responsibilities, they are not the onlyones on the chopping block.
AMP’s financial planning network is also under threat, as chief executive Francesco De Ferrari said the business segment could shrink by as much as 30%.
The decision was made to improve the value of the company, De Ferrari added, after AMP’s share price kept going down throughout the month of September.
when will AMP HIT $3.00, page-3629
-
- There are more pages in this discussion • 1,841 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AMP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.56 |
Change
0.035(2.30%) |
Mkt cap ! $3.936B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.56 | $1.51 | $7.600M | 4.929M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45690 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 99644 | 3 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| AMP (ASX) Chart |