S.Africa's Metropolitan to appeal job cuts ruling

JOHANNESBURG, Nov 12 (Reuters) - South African insurers Metropolitan and Momentum said on Friday they will appeal a regulatory order that would prevent them from cutting jobs for two years following a planned merger. South Africa's competition watchdog last month approved the deal between the two, which would create South Africa's third-largest insurer, on the condition there would be no job cuts for two years. Metropolitan and Momentum, a unit of lender FirstRand , said in a statement they had submitted an appeal against the order. (Reporting by David Dolan) (For more Africa cover visit: http://af.reuters.com -- To comment on this story email: SouthAfrica.Newsroom@reuters.com) Keywords: METROPOLITAN/ (david.dolan@thomsonreuters.com; +27 11 775 3155; Reuters Messaging: david.dolan.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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