Medibank to axe 40 jobs: report

Medibank to axe 40 jobs: report

By Staff Reporter

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

Medibank Private will kick off the first round of a roadshow next week for its planned initial public offering, estimated to be around $4 billion, reporting by Data Room  discovered.

Government-owned Medibank Private is set to axe around 40 jobs from its Melbourne office, but insists the job losses are not related to its upcoming privatisation, The Australian Financial Review reports.

Accoprding to the media outlet, a memo to staff explains that the job losses will be the result of the automation of customer claims, and about 45 per cent of all customer service officers would be made redundant.

The AFR reports the nation's largest health insurer will consult staff in the coming week regarding the job losses before progressing to compulsory redundancies on July 9.

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Read more here: Business Spectator


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