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.
South West; Gloucestershire; Wiltshire and North Somerset
Location of affected unit(s)
Sector
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
380 jobs Number of planned job losses
Announcement Date
15 November 2011
Employment effect (start)
1 January 2012
Foreseen end date
Description
Multinational insurance company Aviva head-quartered in London has announced plans to close down its Bristol site moving operations to York, Sheffield, and Norwich. The move will result in 380 job losses. In a statement Aviva said it would be retaining about 60 specialist underwriting and claims assessment roles in Bristol. The firm added that it wanted to give employees as much support as possible and that it was considering the option of redeployment.
The job cuts are part of Aviva's larger restructuring plan for the UK and Ireland affecting up to 1500 jobs (see here).
Sources
15 November 2011: BBC News
Citation
Eurofound (2011), Aviva, Relocation in United Kingdom, factsheet number 72760, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72760.
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