AMP likely to cut hundreds of Melbourne jobs: FSUBY LAURA MILLAN | MONDAY, 24 MAR 2014 12:20PMAmid its rolling restructure AMP is set to axe more staff and is looking at cutting hundreds of jobs from its Melbourne office, the company's second largest outside of the Sydney head office.
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If AMP continue to sack staff in Australia and relocate the jobs to India, they may need to change their name from AMP (Australian Mutual Provident) to IMP (Indian Mutual Provident). Hardly a good approach from a supposedly Australian company.
As a shareholder I think they should try and cut costs to the best of their ability. Sorry but that is the cold hard truth. Why should they be hamstrung because they are 'Australian'?