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L&G to axe 560 jobs

British insurer Legal & General is in talks with unions to make up to 560 of its staff redundant.

This morning a spokesman for the firm said the redundancy target included 300 full-time positions with temporary contracts accounting for the remainder.

The cuts add to the 450 job losses of support staff that were announced in February.

The Unite trade union dubbed L&G’s plan as “disturbing” and said it would fight any attempt to impose compulsory redundancies, urging the company to explore alternatives.

L&G said it would try to redeploy staff affected to minimise job losses.

Shares in L&G remained up despite the news, gaining 1.3 per cent to 68.90p.


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