Another 950 positions are going from Norwich Union after the latest announcement of compulsory redundancies and outsourced IT projects was announced today.
The latest news adds to the 1,600 jobs cut through February’s announcement the insurance giant was closing its national insurance broker firm Hill House Hammond.
In the latest round of cuts, some 700 jobs will go from NU’s Life business services division, with an additional cut of 250 “contract worker positions”.
The Life business services division currently employs 1,400 staff and 350 contractors.
Much of the IT work currently being done by both the permanent and contract workers will be outsourced to India, North America and mainland Europe, NU says.
Five offices are affected (number of jobs cut in brackets):
- Norwich: (250)
- York: (150)
- Bristol (150)
- Stevenage (100)
- Croydon (50)
NU says the redundancies will help cut costs in a "challenging times".IFAonline
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