AMP staff brace for sweeping job cuts | CharlotteGriev1
and lawyers to explore options to splinter the group after a spike in interest from third parties keen to buy its assets.
"With an anticipated fall in its earnings, they have to make the redundancies; they have to do something to at least to stabilise the business," she said. "The first thing within their control is to control the costs." "Their most profitable asset is AMP Capital, and with the events that have taken place in the last six to 12 months, a lot of investors will be cautious with their allocation using them as the manager," she said. "The issues seem to be ongoing and there's no resolution."
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