Brooks Macdonald set to cut 50 jobs in £4m cost savings

50 employees to be axed for £4m annualised cost saving

Mike Sheen
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Chief executive of Brooks Macdonald Caroline Connellan
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Chief executive of Brooks Macdonald Caroline Connellan

Brooks Macdonald is set to axe 50 jobs in efforts to improve the company's efficiency, secure future growth and deliver medium-term margin improvement.

The firm told investors on Thursday (10 January) that it expects job cuts to take place "predominantly" within administration and IT functions, which it said will result in annualised cost savings of £4m....

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