Perpetual cuts 128 jobs
Posted: May 28th, 2011 | Author: Saddam Hussain | Filed under: Australia, By Location | Tags: Perpetual | No Comments »PERPETUAL has cut 128 jobs and will outsource its private wealth platform as part of a strategy to lift performance under new chief executive Chris Ryan.
Most of the job cuts were made this week from all of the wealth manager’s business units, with some managerial layers being removed.
Twenty-six roles had been created in growth areas and the net impact of the job changes would drive annualised cost savings of about $9 million before tax from 2011-12
From: Perpetual
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