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.
More top news
Keiran Sandwell is walking 5000 miles around the coast with his new heart hoping to raise £100,000 for the British Heart Foundation
A woman from Cambridge says her council has gone too far after it fined her for leaving rubbish next to a recycling bin which was full.
Thomas Eastwood, 22, has been sent to prison for 10 years after throwing a corrosive liquid at a man who broke up a fight in Essex.