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Aviva restructuring will see Norwich Union jobs cut

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by Peter Charalambous
”Aviva

Norwich Union Life, the UK arm of the insurance business of Aviva PLC, said today that it will cut around 1,100 jobs in the UK, in order to make its operations more efficient.

The announcement follows on from Aviva Chief Executive, Andrew Moss, saying that there will be a round of job cuts across insurance services and this view has been substantiated by Friends Provident PLC and Old Mutual PLC.

Aviva will also be “closing” 590 contract positions over the next few months, with the majority of the jobs being lost at offices in York, Norwich, Sheffield and Eastleigh.

While the changeover will cause a 12 percent job loss, Aviva will still employ around 30,000 people here in the UK.

Norwich Union Life CEO, Mark Hodges, has stated that the company will do all it can to ensure that, where possible, they can minimise the number of compulsory redundancies, although making these decisions is always difficult.

The cuts marked the end of a three-year programme to simplify its UK operation, as at present 60 percent of income is from outside the UK with Aviva last year suffering an £885m loss.

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News posted: April 2, 2009

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