The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, reinsurance and pension funding, except compulsory social security
100 jobs Number of planned job creations
Announcement Date
25 January 2005
Employment effect (start)
Foreseen end date
Description
An extra 100 sales advisers are to be installed in Royal Bank of Scotland and NatWest branches as Aviva attempts to boost sales through a joint venture with the Edinburgh-based bank. By taking the number of advisers up to 700, Aviva hopes it can derive more business through the Scottish bank's branches. For the first time the insurer - parent company of Norwich Union - made 50% of its new life and pensions sales from mainland Europe, where it has been growing rapidly both organically and through joint ventures with banking groups.
Sources
26 January 2005: The Guardian
Citation
Eurofound (2005), Aviva, Business expansion in United Kingdom, factsheet number 61056, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61056.
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