QBE confirms job cuts
QBE has confirmed to the Finance Sector Union (FSU) that there will be a "series of changes" in 2013 that will lead to job cuts.
A spokesman from QBE told Money Management last week that the company had plans to reduce its operating costs but did not confirm whether staff numbers would be reduced.
In discussions with the FSU, QBE did not provide details of the number or locations of staff to be cut but did not rule out offshoring either.
QBE stated:
- there will be no big announcement on job cuts
- there is no target for job cuts
- they will try to avoid retrenchments with changes to job numbers predominantly managed through a combination of natural staff turnover and staff deployment and;
- QBE will consult with impacted employees and the FSU before changes are finalised.
QBE indicated consultation would begin in February and the FSU added that it would continue to work with the insurer to "ensure our members' concerns and feedback are addressed and any impacts on members are minimised".
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