At least five members of Aviva Investors' sales team are being made redundant as part of massive job cuts at Norwich Union Life.
A spokesman for the insurer says the latest cuts represent "the detail" behind the 1,390 posts it announced would be lost on 2 April, even though it initially said only IT, business change and contract positions would go. In September 2008 Aviva Investors became the trading name for a group of asset management businesses owned by Aviva plc under a single management structure and brand. Earlier this month, Norwich Union, soon to be universally known as Aviva, said the "inevitable" job losses are a result of moves over the last three years to simplify its operations and improve efficiency...
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