Aviva PLC has taken another step in its quest to restructure the company by eliminating approximately 2,000 positions worldwide over the next six months. The announcement came in the London-based company’s first-quarter interim management statement released yesterday.
Last year, the insurer embarked on a program to reduce costs. According to the statement, the company has lowered expenses in Q1 by £83 million, or 10 percent, compared to the first quarter of last year. The company stated it is on track to meet its savings target of £400 million.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
