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Origen revamp could mean 50 job cuts

Origen support services director Keith Robinson says the decision to reshape the business is likely to result in around 50 redundancies by the end of Q1 2009.

The group is to centralise its paraplanning, group risk, new business processing and ongoing client servicing at its Farnborough office.

The move follows a six-month review and Origen says it is designed to improve efficiency, support for consultants and service to clients.

Robinson says the reshuffle is in line with the retail distribution review and while 100 jobs are at risk, 40 new positions will be created while other staff could be moved around.

He says: “This is not something that we need to do following the fall in markets but we feel it is a necessary step forward for the efficiency and success of the business.

“We will be offering those 100 at risk three options of either relocation, redeployment where practical and also redundancy. We hope to save as many jobs as possible with relocation to Farnborough to fill the new roles that will be made available although clearly it will not be viable for all our staff affected.

“Overall, with sales support and paraplanners, the likely net loss will be closer to 50. We will be interviewing all staff from November and will run through until February/March next year.”



Neptune video: Abenomics: the impetus for Japan’s fast-track recovery?

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In the video, Taylor addresses the following:

• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy


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