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Suncorp chief executive John Mulcahy has warned that jobs are on the line in a recent email sent to staff.
Mr Mulcahy told employees changes would be announced over the coming weeks as the organisation continued to focus on increasing efficiencies as a result of the deteriorating financial conditions, The Sydney Morning Herald reported yesterday.
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Mr Mulcahy said the bank would seek to manage all job reductions through natural attrition and those made redundant would be “strongly supported” through redeployment and redundancy processes.
A source close to management told The SMH redundancies could total around 1500 people.
Published: 02-10-08
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