Aviva

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
1,100 jobs
Number of planned job losses
Job loss
Announcement Date
2 April 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

UK insurer Aviva is to cut 1,100 jobs across the UK. The cuts are part of a company programme aimed at simplifying its life and pensions operation. The company stated that it intends to keep compulsory redundancies to a minimum. The job losses will affect 800 permanent staff and they will occur by the end of 2009.

Sources

  • 2 April 2009: BBC News UK

Citation

Eurofound (2009), Aviva, Internal restructuring in United Kingdom, factsheet number 68662, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68662.