Aviva job cuts to save £250m by year end

Its interim management statement said the move, announced in the summer as part of a wider restructuring of the business, had removed four levels of middle management in the UK, and the programme would be extended internationally. It also confirmed its regional business layer had also been scrapped. As well as the reduction of head office staff, support activities and non-staff costs are also being cut as part of the £400m reduction. It is also looking to dispose of its US life and pensions business, as well as eight other businesses. Chairman John McFarlane said: "By the end of th...