Aberdeen CEO Plans to Cut 800 Jobs in Standard Life Deal

The video discusses the latest developments in the Aberdeen and Standard Life deal, including the release of documents and the announcement of executive committee structures. The deal is currently awaiting regulatory approval. The video also covers the cost-saving strategies, which involve reducing 800 jobs over three years mainly through natural attrition, aiming for $200 million in savings.

What was announced alongside the release of the documents for the Aberdeen and Standard Life deal?

• The executive committee structure

• The financial results of the last quarter

• The merger completion date

• The new company logo

What is the current status of the Aberdeen and Standard Life deal?

• It has been completed

• It is in the negotiation phase

• It is awaiting regulatory approval

• It has been canceled

How does the speaker compare the regulatory approval process for the deal?

• Unrelated to Ofcom's process

• Faster than Ofcom's process

• Slower than Ofcom's process

• Similar to Ofcom's process

How many jobs are expected to be reduced over three years as part of the cost savings plan?

• 500 jobs

• 800 jobs

• 1000 jobs

• 1200 jobs

What is the primary method for achieving job reductions in the cost savings plan?

• Natural attrition

• Outsourcing

• Voluntary retirement

• Immediate layoffs