Pension firm Aegon cuts Edinburgh jobs

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The life and pensions company Aegon is to cut more than 100 jobs as it restructures the business.

The Dutch insurer's UK arm is based in Edinburgh and most of the cuts are expected to affect workers in the capital.

Some jobs are also going south of the border at the firm's IT base in Lytham St Annes, near Blackpool.

It is part of the company's strategy to cut costs by 25%. More than 1,000 jobs have been lost so far.

Brian Linn, general secretary of Aegis the Union, said: "For many of our members, today's announcement brings months of uncertainty to an end.

"However, we appreciate that a considerable number of people are in areas impacted by redundancy and have some difficult choices to make.

"We are confident the majority of job losses will be achieved voluntarily and we will resist any attempts to make our members compulsorily redundant."

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