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

Gilt yields fall after Donald Trump backs down in 'tariff war'

Gilt yields fall after Donald Trump backs down in 'tariff war'

US president pauses most additional tariffs

Jonathan Stapleton
clock 10 April 2025 • 2 min read
Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read
Five key takeaways from the Spring Statement 2025

Five key takeaways from the Spring Statement 2025

OBR growth, ISA reforms and defence

Sorin Dojan
clock 27 March 2025 • 4 min read