Blow for Scottish staff
Standard Life Aberdeen outsources 70 IT jobs
Fewer staff: the new HQ in Edinburgh
Standard Life Aberdeen is understood to be axing up to 70 IT staff and outsourcing the work to US-headquartered Cognizent.
Those affected are based mainly in Edinburgh, with a small number in Aberdeen and London.
The vast 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 around 25 people will be retained in their current roles, while a further 27 were told they could be moved over to work for Cognizent.
Workers told The Scotsman they believed the numbers of jobs lost could run into the hundreds. However, this was denied by Standard Life Aberdeen.
The cuts are part of a planned three-year transformation of the business following the merger of Standard Life and Aberdeen Asset Management in 2017.
The company announced in May 2017 that 800 jobs would be lost as a result of what was then an £11bn merger. Since then the value of the company has shrunk to £6bn.