The impact of the market downturn has forced MLC to cut 120 jobs, following a review of its resourcing requirements across the company.
"[MLC] has decided to remove some roles from the business to ensure we are operating as efficiently as possible," a company spokesperson told InvestorDaily yesterday.
"Around 120 people are affected and we will aim to redeploy as many of these people as possible into other roles within the organisation. The role impacts are broadly spread across all areas of our business."
MLC is currently consulting with employees over the proposed changes with final role impacts to be determined in early February, the spokesperson said.
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