AMP efficiency drive to cost jobs

New CEO Craig Meller's push to remove duplication will reportedly result in job losses.

New AMP Ltd chief executive Craig Meller's drive to slash duplication and improve efficiency at the financial services giant will necessitate job losses, The Australian reports.

According to the newspaper, an internal memo confirms the already announced management reshuffle and restructure will also encompass AMP Capital, the group's funds management arm.

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