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| Aviva plans to cut 4,000 UK jobs | Aviva plans to cut 4,000 UK jobs |
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| The UK's biggest insurer Aviva has announced plans to cut 4,000 British jobs by 2008 as it seeks to trim costs and streamline its operations. | The UK's biggest insurer Aviva has announced plans to cut 4,000 British jobs by 2008 as it seeks to trim costs and streamline its operations. |
| Aviva, which owns Norwich Union, said that about 50% of the cuts would come through compulsory redundancies. | |
| It added that that up to 1,000 jobs would be shifted to India, and another 500 IT posts would be outsourced. | |
| The insurer said the move was part of earlier-announced plans to move 7,800 jobs overseas by the end of next year. | The insurer said the move was part of earlier-announced plans to move 7,800 jobs overseas by the end of next year. |
| Aviva said it would look to "minimise the number of compulsory redundancies", but added that it needed to make difficult decisions if it wanted to safeguard future profitability and its position as the UK's top insurance company. | |
| The company said that while it would be shutting some offices in cities such as Belfast, Glasgow, Stevenage, Norwich and Cambridge, it would not completely shut down operations in those locations. | |
| Staff affected by the latest job cuts would be offered retraining and the chance to move within the company, a spokeswoman explained. | |
| Patrick Snowball, the executive chairman of Norwich Union, said that changes in consumer habits meant that the company was operating in an "increasingly competitive and dynamic environment". | |
| "Consumers, independent financial advisers and brokers are increasingly operating in a self-service world," he said. |