Aviva Investors is to cut 6% of its workforce around the globe as part of parent company Aviva Group's major cost-cutting plans.
Aviva Investors, which will be headed by former Standard Life manager Euan Munro from the New Year, will lose 60 people in total as the job cuts are made across the whole of the insurer's business.
Earlier this year Aviva Group said 2,000 jobs - or 6% of the workforce globally - would lose their jobs, as new chief executive Mark Wilson announced his plan to boost profitability by slashing costs.
Wilson took over after former boss Andrew Moss was ousted by shareholders frustrated by the poor share price performance and a steep decline in revenues.
Yesterday, a spokesperson said of the Aviva Investors job cuts: "About 60 people are affected. This number forms part of the 2000 roles Aviva Group announced were being reduced earlier this year."
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