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AMP axes 1,250 Pearl and NPI jobs

Australian insurance giant AMP has announced 1,250 jobs will be axed from UK life offices Pearl and NPI.


The losses will be cut from administrative and support roles throughout the year.


The cuts are part of a wider-ranging shake-up to stop duplication between the two life offices.


AMP says it hopes the losses will be achieved through natural turnover “as far as possible.”


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