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The Guardian - UK

Business

Kalyeena Makortoff

Fund manager abrdn to pay bonuses despite slashing 500 jobs

Abrdn Stephen Bird

The fund manager plans to cut jobs at head office and middle management. Photograph: Dado Ruvić/Reuters

Fund manager abrdn has said it plans to keep paying bonuses despite slashing 500 jobs and outsourcing more work as part of a £150m cost-cutting drive designed to boost profits.

The investment company is cutting jobs at head office and in its back office support teams but said that frontline staff who deal with clients would not be at risk.

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