Aviva

Type
Internal restructuring
Country
Ireland
Region
Ireland;
Location of affected unit(s)
Dublin, Galway, Cork
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
950 jobs
Number of planned job losses
Job loss
Announcement Date
19 October 2011
Employment effect (start)
1 March 2012
Foreseen end date
31 December 2013

Description

Insurance company Aviva has announced 950 redundancies across Ireland. Aviva Ireland currently employs 1,770 people in Dublin, Galway and Cork. It is understood that Aviva intends to focus job cuts at its Irish division and European business, also based in Ireland, in what the company portrays as a cost-saving exercise to make "a stronger, leaner" company. The redundancies are expected to take effect from March 2012.

Trade union members of Unite have already voted to start a ballot for industrial action over the redundancies.

Sources

  • 21 October 2011: The Irish Independent
  • 19 October 2011: Aviva - press release
  • 20 October 2011: The Irish Independent

Citation

Eurofound (2011), Aviva, Internal restructuring in Ireland, factsheet number 72599, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72599.