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14/09/2006
Aviva restructuring to result in 4,000 UK jobs cut
A major restructuring by the parent company of insurance giant Norwich Union will see 4,000 redundancies across the UK.
The UK's largest insurance company, Aviva, said it was seeking to make annual cost savings of around £250 million by 2008.
Aviva said that about half of the cuts would come through compulsory redundancies.
It added that up to 1,000 jobs would be shifted to India, and another 500 IT posts would be outsourced.
Group HR Director for Norwich Union, John Ainley commented: "We now sell 50 per cent of our motor policies online, over the internet, obviously as a result of that we need less people to take calls."
Norwich Union Executive Chairman Patrick Snowball said the operational changes were necessary to reshape and simplify operations to meet the challenges of the changing insurance marketplace.
Mr Snowball commented: "We have to ensure that Norwich Union remains a highly efficient and successful company in what is an increasingly competitive and dynamic environment."
Aviva said the offshoring was part of earlier-announced plans to move 7,800 jobs overseas by the end of next year.
The company said it would seek to "minimise the number of compulsory redundancies," but added that it needed to make difficult decisions if it wanted to safeguard future profitability and its industry position.
A spokesperson said that staff affected by the latest job cuts would be offered retraining and the chance to move within the company.
Norwich Union currently employs some 36,000 people in the UK and unions have voiced outrage at the cutbacks.
(DS/SP)
The UK's largest insurance company, Aviva, said it was seeking to make annual cost savings of around £250 million by 2008.
Aviva said that about half of the cuts would come through compulsory redundancies.
It added that up to 1,000 jobs would be shifted to India, and another 500 IT posts would be outsourced.
Group HR Director for Norwich Union, John Ainley commented: "We now sell 50 per cent of our motor policies online, over the internet, obviously as a result of that we need less people to take calls."
Norwich Union Executive Chairman Patrick Snowball said the operational changes were necessary to reshape and simplify operations to meet the challenges of the changing insurance marketplace.
Mr Snowball commented: "We have to ensure that Norwich Union remains a highly efficient and successful company in what is an increasingly competitive and dynamic environment."
Aviva said the offshoring was part of earlier-announced plans to move 7,800 jobs overseas by the end of next year.
The company said it would seek to "minimise the number of compulsory redundancies," but added that it needed to make difficult decisions if it wanted to safeguard future profitability and its industry position.
A spokesperson said that staff affected by the latest job cuts would be offered retraining and the chance to move within the company.
Norwich Union currently employs some 36,000 people in the UK and unions have voiced outrage at the cutbacks.
(DS/SP)
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Norwich Union offshoring will see 150 UK posts axed
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07 November 2005
Nazi war criminal dies in British prison
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