Aviva unit to slash 1,690 jobs in UK
Norwich Union Life, a part of British insurance group Aviva, will be cutting close to 1,700 positions, both permanent and contract, in the UK by the end of 2009.
By PTI |
LONDON: Norwich Union Life, a part of British insurance group Aviva, will be cutting close to 1,700 positions, both permanent and contract, in the UK by the end of 2009.
"... there is expected to be a reduction of 1,100 permanent roles by the end of 2009.... In addition, 590 contract positions will be closed over the next few months," Norwich Union Life said.
The company noted that the impact on staff would be minimised by natural employee movement... "Consequently the number of permanent employees who will leave the company is estimated to be around 800," the statement added.
Norwich Union Life CEO Mark Hodges said that the firm has made significant progress in improving its operational efficiency and is nearing completion on a series of major projects, which would result in the reduction of the number of roles in a business.
"... there is expected to be a reduction of 1,100 permanent roles by the end of 2009.... In addition, 590 contract positions will be closed over the next few months," Norwich Union Life said.
The company noted that the impact on staff would be minimised by natural employee movement... "Consequently the number of permanent employees who will leave the company is estimated to be around 800," the statement added.
Norwich Union Life CEO Mark Hodges said that the firm has made significant progress in improving its operational efficiency and is nearing completion on a series of major projects, which would result in the reduction of the number of roles in a business.
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