Insurance giant Aviva is planning to axe around 2,000 jobs from its UK, European and Asian workforce under cost-cutting plans.
The Norwich-based insurance group also announced that from next year, redundancy pay in the UK will be halved from four weeks per year of service to two.
Aviva said the job reductions were part of a programme to reduce costs across the business, including “substantial non-people related savings.”
The company, which has previously announced it planned to reduce costs by more than £400m, said in a statement: “Aviva has also communicated today that it has reviewed its employment policies and practices to ensure that they are effective and competitive in today’s market environment.
“As a result, Aviva has decided to introduce a revised redundancy policy for all employees on UK contracts. This will bring Aviva’s redundancy terms in line with market practice in the UK which will remain significantly above the statutory provisions.
Chosen excerpts by Job Market Monitor
Job Market Monitor 
Discussion
No comments yet.