Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance > Permanent Life Insurance

Aviva To Cut 1,400 Positions

Your article was successfully shared with the contacts you provided.

Aviva P.L.C. says it will respond to increasing efficiency by laying off some permanent workers and using fewer contract workers.

Aviva, London, says a 3-year life and pension unit streamlining effort has left it with more employees than it needs in the United Kingdom.

The company is cutting 1,100 staff positions. Attrition and transfers likely will reduce the number of permanent employees laid off to 800, Aviva estimates.

Aviva also is eliminating 590 U.K. contract positions.

Aviva employs about 30,000 people in the United Kingdom.

The company has not made any new announcements of layoffs in its U.S. operations.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.