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10/05/2012
Aviva Revise's Redundancy Plans
Embattled financial services company Aviva has revised its redundancy plan, which would have seen almost 1,000 staff leave the company.
Initially announcing it would be making 770 of its Irish workforce, the company said it now plans to make between 500 and 550 people redundant.
Separately, it is also planning to create 220 new posts in Galway in claims insurance and direct sales. Recruitment for these posts will begin in the summer.
Last October the firm said it planned to reduce staff levels by 950 and 180 employees have already left Aviva Europe. In net terms the level of redundancies will be 450 fewer than announced last year.
Sean Egan, chief executive of Aviva Group Ireland, said the company was able to secure the required cost savings with a lower level of job cuts.
(H)
Initially announcing it would be making 770 of its Irish workforce, the company said it now plans to make between 500 and 550 people redundant.
Separately, it is also planning to create 220 new posts in Galway in claims insurance and direct sales. Recruitment for these posts will begin in the summer.
Last October the firm said it planned to reduce staff levels by 950 and 180 employees have already left Aviva Europe. In net terms the level of redundancies will be 450 fewer than announced last year.
Sean Egan, chief executive of Aviva Group Ireland, said the company was able to secure the required cost savings with a lower level of job cuts.
(H)
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