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Admin
Admin

Posts : 208
Join date : 2014-12-19
Age : 52
20150119

More job cuts

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Aviva to cut 1,500 jobs after Friends Life merger

Aviva’s £5.6bn merger with Friends Life will cost around 1,500 jobs as part of a plan to generate savings of £225m from the combined operation by 2017.

Friends Life employs 3,700 people in the UK, with its largest operation in Bristol, and smaller offices in Dorking. Aviva refused to specify which locations or roles would be hardest hit. Aviva employs 16,000 people in the UK, with around 5,000 in its York and Sheffield-based life and pensions business.

An Aviva spokesperson said: ”Aviva expects to deliver approximately £225m of annual savings by the end of 2017. This may result in a reduction of approximately 1,500 roles from across the enlarged Aviva Group of approximately 31,500 people. We appreciate that this news may be disconcerting for employees and we would look to ensure that any redundancies are kept to a minimum wherever possible
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    Current date/time is Tue Sep 18, 2018 6:22 pm