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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