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
950 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72599.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
