350 jobs set to go in Axa shake-up

York, Nicola
August 2009
Money Marketing;8/13/2009, p12
The article reports on the 350 job cuts at financial services firm Axa UK PLC which are caused by a strategic review of its life and savings business in 2009 in Great Britain. Despite the increase in Axa UK PLC's earnings by 2% to 186 million British pounds from 183 million British pounds, it needed to increase efficiency to ensure economic recovery. Chief executive Nicolas Moreau asserted that life and savings businesses continued to lessen costs that would impact employees.


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