Aegon halves number of sales centres; 100 jobs cut

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Aegon is halving the number of its UK sales centres as part of a restructure designed to cut operating costs by 25% by the end of next year.

The Dutch-owned insurance company will reduce the number of regional sales offices from 12 to six in a move it anticipates will lead to a net loss of 106 jobs. A total of 142 roles will be made redundant across the UK with 36 new posts being created. Centres based in Edinburgh, Leeds, the East Midlands, the South East, Watford and East Anglia will be closed while the offices in Glasgow, Manchester, Birmingham, London, Bristol and Guildford will be retained. Aegon says the moves represents the first stage of its new strategy to focus on the two 'core' markets of ‘at retirement' an...

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