The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
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
125 jobs Number of planned job losses
Announcement Date
24 October 2008
Employment effect (start)
Foreseen end date
Description
Aviva, a company that offers insurance, has announced that it is to cut 125 jobs from its UK workforce. The majority of the job cuts will occur at the company’s Norwich offices, although a smaller number of jobs will also be lost at offices in York, Sheffield and Stevenage. The company stated that it was cutting the jobs in order to increase efficiency. As of 26 October 2008, it has not been announced when people will leave these jobs.
Sources
24 October 2008: BBC News
Citation
Eurofound (2008), Aviva, Internal restructuring in United Kingdom, factsheet number 67279, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67279.
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