Norwich Union is to cut 900 jobs across the UK and around 600 of these will be compulsory, officials...
Norwich Union is to cut 900 jobs across the UK and around 600 of these will be compulsory, officials at the life insurer have announced.
Over 600 people will be made redundant at the company's general insurance business - with 300 of them at NU's headquarters in Norwich.
Two hundred and eighty job losses are also expected near Manchester as the company will close its life and pension administration division in Cheadle by the end of March 2004.
Approximately 600 of these cuts will be compulsory - including half of the job losses in the general insurance business as well as almost all of the job cuts at the Cheadle branch.
The company's offices in Perth and Worthing will also be affected by these changes.
NU's parent company Aviva's group executive director Patrick Snowball says:
"We operate in an extremely competitive market and have to continually look at ways to achieve greater efficiency and effectiveness.
"Making decisions that affect our staff is always difficult, but we believe these changes are necessary to adapt to changing market conditions and make our business fit for the future."
According to NU, these redundancies are not connected with the company's recent opening of an Aviva call centre operation in India.
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