Aviva

Type
Relocation
Country
United Kingdom
Region
South West (England);
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
380 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/72760.