Aviva to cut 4,000 jobs

It says it plans to reduce duplication and improve efficiency to “deliver annual cost savings of £250 million in 2008 at a cost of £250 million by the end of 2007.” Aviva says the savings and costs will be evenly spread between the life and general insurance businesses, with Aviva’s current staff of 36,000 being reduced by 4,000 by 2008, with up to 1,000 jobs moved to India, and a further 500 jobs outsourced to third party IT suppliers. The company says it “will seek to minimise the number of compulsory redundancies through natural staff turnover and voluntary measures” and adds the sav...