QBE will hold an investor briefing on July 2 to provide an update on its global operational transformation program.

The company has not revealed which executives will speak on the webcast.

Group CEO John Neal announced the transformation program in February, saying the group aims to deliver savings of $US250 million by 2015.

The Finance Sector Union last month called on QBE to suspend the program, saying the company should commit to genuine consultation on how to avoid redundancies and retrenchments and provide frank disclosure about decisions made under the program.

The company has rejected the call.

“QBE has continued to make announcements of transformation across the business and then provided impacted staff with a predetermined outcome which failed to allow staff to provide genuine feedback and to have that feedback considered,” a statement from the union says.