Internal restructuring
United Kingdom
Location of affected unit(s)
Bristol and Coventry
Financial Services
Financial And Insurance Activities
Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
65 - Insurance, reinsurance and pension funding, except compulsory social security

350 jobs
Number of planned job losses
Job loss
Announcement Date
16 March 2006
Employment effect (start)
Foreseen end date


Insurance giant AXA Sun Life is to cut 350 jobs in a bid to reduce costs. The losses will be felt at Bristol and Coventry in its life insurance, pensions and investments arm. Chief executive Paul Evans said they were working closely with staff unions and hoped the majority of the jobs would go through voluntary redundancy. Despite new business increasing by 16% last year and investment in new technology, profits had remained 'flat', he said.



Eurofound (2006), AXA Sun Life, Internal restructuring in United Kingdom, factsheet number 63141, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63141.