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
800 jobs Number of planned job losses
Announcement Date
24 August 2012
Employment effect (start)
Foreseen end date
Description
Insurance company Aviva has announced plans to cut 800 jobs across the UK in a bid to save £400m and as a continuation of its previously announced EU-wide restructuring programme (see here).
It is reported that some of the cuts will be implemented through redeployment and voluntary redundancies. There might also be job creation in growth areas.
The Unite union called the cuts 'totally unacceptable'. A timeline for the restructuring has yet to be announced.
Sources
24 August 2012: BBC News
Citation
Eurofound (2012), Aviva, Internal restructuring in United Kingdom, factsheet number 74029, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74029.
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