L&G job cull set to pass 1,000

The insurer this morning confirmed it is in talks with unions to make redundant 300 full time staff plus a further 260 contractors and temporary staff. Earlier this year, the firm said it would be making 450 support staff redundant as part of cost-cutting measures. It follows a raft of job cuts across the sector, with rival British insurer Aviva last month saying it would shed 1,390 permanent and temporary positions, while part-nationalised lenders Royal Bank of Scotland and Lloyds Banking Group announced 9,000 and 985 job cuts respectively. L&G says it will try and keep redundancies ...