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Aviva plans to cut 6% of global workforce

Aviva has announced plans to cut around 2,000 jobs from its global workforce. A spokesperson for ...
Newstalk
Newstalk

13.34 18 Apr 2013


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Aviva plans to cut 6% of globa...

Aviva plans to cut 6% of global workforce

Newstalk
Newstalk

13.34 18 Apr 2013


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Aviva has announced plans to cut around 2,000 jobs from its global workforce. A spokesperson for the company here says the announcement today does not affect the current redundancy programme in Ireland.

In October 2011 Aviva Ireland announced plans to shed some 770 workers. It is a figure that later dropped to around 500.

Aviva Ireland says that redundancy programme is on-going.

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In a statement, Aviva plc says 6% of its world-wide workforce over the next 6 months. It says these reductions are part of a programme to reduce expenses across the whole business, "including substantial non-people related savings".

At Aviva's full year results published in March it announced it has already seen stg£275 (€321) million annual cost savings as part of its target to reduce costs by in excess of stg£400 (€468) million.

"We must take tough decisions"

Group Chief Executive Mark Wilson says the changes "are essential if we are to remain competitive. Aviva needs to become a more efficient and agile organisation to unlock its potential".

He adds that "We must take tough decisions on costs to provide our customers with great value products and ensure our future success. I am determined that Aviva gets through this phase of our business transformation as quickly as possible."

Aviva also says it has reviewed its employment policies and practices "to ensure that they are effective and competitive in today's market environment". As a result it has decided to introduce a revised redundancy policy for all employees on UK contracts.

Aviva employs 31,200 people worldwide and provides 34 million customers with insurance, savings and investment products.


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