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Insurance giant Aviva today announced that it is to cut around 2,000 jobs worldwide. Malcolm Robertson reports.
Union chiefs have reacted angrily to the news that insurance giant Aviva is to axe 2,000 jobs.
In a statement from Unite, Britain's biggest union, said it fears for Uk jobs.
The Union has pledged to oppose any job losses in the UK and the cuts to redundancy terms.
Aviva has told staff it has reviewed employment policies.
"Aviva has decided to introduce a revised redundancy policy for all employees on UK contracts. This will bring Aviva’s redundancy terms in line with market practice in the UK which will remain significantly above the statutory provisions.
"Importantly, the changes to redundancy terms will be implemented in two phases so that those impacted in the next six months will still receive the current four weeks’ redundancy pay for each year of service.
This is intended to minimise the impact on employees and follows consultations with Aviva employee forums and Unite.
Mark Wilson the Chief Executive issued this statement:
Norfolk-based insurance giant Aviva has informed its staff that 2,000 jobs will go over the next six months. The Job losses are around six per cent of the of the workforce.
In a statement the company said:
In November the company appointed Mark Wilson as its new boss. He had pledged to continue with a company revival plan.
Last October the company unveiled plans to cut 800 jobs from the workforce.
Aviva has announced plans to cut 2,000 jobs worldwide.
The company said the job losses are necessary in order to achieve £400m in savings. Previous cost cutting has netted £275m in savings.
Norfolk-based insurance giant Aviva has today announced plans to axe 2,000 jobs.
The company, which has bases in Norwich, Southend, Sheffield, York and Scotland, said the jobs would go across the UK, Europe and Asia.