Aviva to cut 1,800 jobs in expense saving push
Friday, 06 07 2019, Category: Insurance and Reinsurance, Country: United Kingdom
UK insurer Aviva has announced that it plans to cut approximately 1,800 jobs across the group over the next three years as part of a new expense saving push.
This would represent a 6% reduction in the company’s total workforce of 30,000, although Aviva claimed that redundancies will be kept to a minimum where possible, for example through natural turnover.
The move is intended to help Aviva reduce expenses by £300 million per annum by 2022.