Stan­dard Life Aberdeen axes roles in Edinburgh


One of Scot­land’s big­gest fi­nan­cial ser­vices com­pany is to axe up to 70 jobs in its IT de­part­ment – with most of the cuts com­ing north of the Bor­der.

Work­ers at Stan­dard Life Aberdeen – which was cre­ated from the merger of Aberdeen In­vest­ment and Stan­dard Life two years ago, were sum­moned into a meet­ing yes­ter­day af­ter­noon and told that IT ser­vices would be out­sourced to Us-head­quar­tered IT ser­vices com­pany Cog­nizant.

The ma­jor­ity of the de­part­ment’s staff – 42 con­trac­tors and five per­ma­nent staff – will lose their jobs by the end of the year. Staff were told about 25 peo­ple will be re­tained in their cur­rent roles, while a fur­ther 27 could be moved over to work for Cog­nizant. Work­ers told The Scots­man

they be­lieved the num­bers of jobs lost could run into the hun­dreds, how­ever this was de­nied by Stan­dard Life Aberdeen.

Most of the IT de­part­ment is based in Edinburgh, while a mi­nor­ity of those af­fected work in Aberdeen and Lon­don.

The firm an­nounced two years ago that the tie up would re­sult in 800 job losses.

One worker said: “I thought it was just the con­trac­tors who were af­fected, but it was the per­ma­nent staff too. Noone saw it com­ing. Ev­ery­one is just de­flated, no-one thought this would hap­pen.”

A spokesman for Stan­dard Life Aberdeen said: “This is part of the over­all merger and in­te­gra­tion plan set out in 2017. Those col­leagues trans­fer­ring to our strate­gic IT part­ner Cog­nizant will im­por­tantly con­tinue to be based in Aberdeen, Edinburgh and Lon­don. Con­trac­tors who have suc­cess­fully com­pleted spe­cific projects are not be­ing re­tained.”

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