Aviva cuts 2,000 staff to become 'more agile'

Nicola Brittain
clock

Aviva is to reduce its staff numbers by 2,000 over the next six months - a 6% reduction of the global workforce.

Roles will be cut across the UK, Europe and Asia.  Aviva is consulting with employee representative bodies and will provide further information to staff on role reductions as soon as the detail is available. These job cuts are part of a programme to reduce expenses across the business, and will include substantial non-people related savings, according to the company. At Aviva's full-year results published in March 2013, the company announced it has already realised £275m annualised cost savings as part of its target to reduce costs by in excess of £400m. Group chief executive...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

UK ups defence spending to 2.6% of GDP by 2027 as billions pledged

UK ups defence spending to 2.6% of GDP by 2027 as billions pledged

Chancellor delivered Spending Review

Sorin Dojan
clock 11 June 2025 • 4 min read
Chancellor to pledge billions to 'invest in Britain's renewal' in Spending Review

Chancellor to pledge billions to 'invest in Britain's renewal' in Spending Review

Rachel Reeves to unveil Spending Review later today

Linus Uhlig
clock 11 June 2025 • 1 min read
Five years on from Covid: What's next for markets?

Five years on from Covid: What's next for markets?

It is now five years since the start of the UK’s Covid lockdown. Since then, we have seen considerable market and geopolitical-related change. Here, William Marshall looks back over the past five years and also explores what we might expect from markets...

William Marshall
clock 06 May 2025 • 4 min read