Aviva has confirmed the prospect of long-expected job losses in its Irish operation with the announcement that 770 jobs are set to go from Aviva Ireland.
The proposed redundancies are part of a wider job cull that could see a further 180 go from Aviva Europe. The job losses come as a result of a move to combine Aviva Ireland with Aviva UK to form a new UK and Ireland region. The insurer said in a statement that it aimed to become the most competitive insurance provider in Ireland. In addition, Aviva said it was looking to restructure European regional operations to strengthen the business and “create a leaner cost base”. The long-expected redundancies have been blamed on the macro-economic environment with the insurer claiming there...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes