The Finance Sector Union (FSU) says it will work to support about 40 QBE employees who have been told their roles are being made redundant.

insuranceNEWS.com.au understands that at least one quarter of affected staff will be redeployed in other roles, with the remainder set to leave the business. It is believed the job losses are not focused on any one sector or location.

“The FSU is here to support staff affected by these decisions,” the union said in a statement on its website.

“QBE has stated ‘there are number of redeployment opportunities across the business, and QBE will be working closely with employees to maximise these opportunities’.

“The FSU is aware there will be a four-week redeployment period following the redundancy announcement.”

A spokeswoman for the insurer declined to confirm any details, saying only that “these changes have impacted less than 2% of QBE’s Australia Pacific workforce and did not affect all teams across the business”.