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Towry Law shuts Belfast office as AMP demands up to 100 job cuts

Towry Law is axing between 50 and 100 admin staff in a round of job cuts that will see parent AMP trim 1,500 workers from its UK operations.

The job cuts are being forced on Towry Law as part of a “global cost-management strategy” announced by AMP chief executive Paul Batchelor, who wants to see the group&#39s workforce cut by 20 per cent over the next two years.

AMP says it can save £100m on its UK operations over the next 18 months by cutting costs and duplication following the merger of Pearl, NPI and London Life into one business. Towry Law&#39s Northern Ireland office will close and it is looking at ways of redeploying its advisers. No advisers&#39 jobs will be affected in the rest of the UK.

Towry Law group managing director John Simmonds says: “It is inevitable that, in order to create the right future, some tough decisions had to be made.

“Towry Law has had a presence in Belfast for many years but it has not mirrored the growth of our other UK offices. No other Towry Law offices will be closed.”

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