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
2,000 jobs Number of planned job losses
Announcement Date
18 April 2013
Employment effect (start)
18 April 2013
Foreseen end date
31 October 2013
Description
Multinational insurance company Aviva is to cut 2,000 jobs in Europe and Asia over the next six months. Till now there is no specific information about which countries are affected by the restructuring plan. However, taking into consideration Aviva’s strong presence in the UK, a considerable number of up to 1,000 jobs will be lost there. At the end of 2011, Aviva announced a restructuring plan affecting 2,500 jobs in Europe (see here), which is still ongoing. The newly announced job cuts come on top of this plan. For the most recent restructurings announced by Aviva see Aviva-UK2012 and Aviva-IRL2012.
Sources
18 April 2013: Guardian
18 April 2013: BBC
Citation
Eurofound (2013), Aviva, Internal restructuring in World, factsheet number 75251, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75251.
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