The trade union which represents Aegon staff has branded the life company's move to cut 160 roles as "devastating".
Yesterday Aegon announced that it would be cutting 160 sales and support roles with immediate effect and will be closing all six regional sales centres in the next six months.
Commenting on the news, Aegis general secretary Brian Linn said: "This is devastating news for our sales community.
"While we understand the business, economic, technological and regulatory drivers for change, we are focusing on how we can best support our members at this difficult time.
"We will continue to work with the company and our members throughout the consultation period to identify as many redeployment opportunities as possible for the affected staff."
Aegon said the reshuffle was brought about by a move to focus on its core markets of workplace savings and at-retirement through its Aegon Retirement Choices (ARC) platform.
Investment will be made in key areas of the operating model including building the capability to service the ARC platform in Edinburgh, the life company said.
The number of platform implementation roles will increase from 19 to 42. In total, 43 new sales roles will be created, with a particular emphasis on the platform.
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