Jobs under threat as Aegon unveils 25% cost cut plans

Announcing the plans, group CEO Alex Wynaendts said the measures would "have an impact on employment". According to reports, Wynaendts said job losses may be "commensurate" with the 25% cost-cutting plans, although a spokesperson for Aegon UK said non-payroll cuts would be made first. "We always try to minimise compulsory redundancies and we will work closely with the unions, Aegis and Unite, to ensure the impact on jobs is minimised." Dutch insurer Aegon today said it would attempt to cut costs in the UK by 25%, a move which Wynaendts said equates to about £80m worth of cuts annua...