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Sunday 10th of May 2009

News Tag: operations

April 2, 2009

Aviva restructuring will see Norwich Union jobs cut

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 ...



March 26, 2009

HSBC to make 1,200 redundancies as part of cost cutting measures

by Peter Charalambous
”HSBC
HSBC, which employs around 58,000 people in the UK, has announced that following a review of the business, 1,200 of its UK staff face potential redundancy which will be mainly in the processing, operations, finance, HR and IT areas. HSBC has not received taxpayer support but has just approved a £12.5bn rights issue to strengthen its finances. ...



February 8, 2009

Review launched into banking operations

by Kay Murchie
”Review
Chancellor Alistair Darling has announced that an inquiry is to take place into the operations of banks after it was reported last week that banks are planning exorbitant bonuses for its staff. The review will examine how banks are managed and Mr Darling expects the review to make recommendations about the effectiveness of risk-management by banks' boards, including how pay affects risk-taking. The ...



January 7, 2009

Barclays announce 400 technology job losses

by Kay Murchie
”Barclays
Following a review of its operations, Barclays has announced today it is to axe 410 jobs in its IT department. The bank said the review will see around 158 permanent staff and 250 contractor positions go, principally in Cheshire and in London. The news comes at a bad time as the retailing sector is suffering amid the economic downturn and job losses are ...