Internal restructuring: In spite of a 55% rise of its gross profit in 2006, Standard Life will cut 10% of its workforce in 2007 and 2008, to save 100 million £ per annum.: United Kingdom
Les Echos
2004
-1000
Internal restructuring: Said that its UK life and pensions business would be "repositioned to achieve profitable growth" which will require a "significant" reduction in costs of 20% and a loss of 1000 jobs by the end of the year. Most of the job cuts, around 880, will be in Edinburgh.: United Kingdom