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L&G puts 600 jobs at risk following savings restructure

Legal & General has put 600 jobs at risk following a restructure of its savings and protection businesses.

The restructure, which was announced in June, saw the savings and annuities and protection arms merged to form Legal & General Assurance Society.

An L&G spokesman confirms 600 jobs are now at risk as a result of the merger.

He says: “We have entered in consultation with employee representatives and Unite in relation to potential redundancies in Legal & General Assurance Society. 

“We aim to keep redundancies down to a minimum and provide redeployment in Legal & General where possible.

“The LGAS business division was formed in July to enable Legal & General to provide better goods and service propositions to our customers. The potential redundancies are a result of combining and restructuring the business units in the new division.”

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