Redundancies
Aviva to send 600 UK jobs to India
The union Unite has accused Aviva of betraying its UK workforce by offshoring hundreds of back office processing jobs to India.
Long-serving staff hardest hit by Aviva’s latest round of job cuts
Aviva staff face renewed uncertainty following the insurer’s decision to axe 2000 jobs globally, eight months after 800 jobs were put at risk.
Editor's comment: Industry image problem enduring
Insurers face an uphill battle in trying to improve their public image at the best of times, and the latest round of job cuts and news of redundancy term changes at insurance giant Aviva will do nothing to help their cause.
Aviva to slash global workforce by 6%
British insurer Aviva will cut its workforce by 6% over the next six months in a bid to reduce expenses.
News Review: Winslow promoted in BGL reshuffle
Peter Winslow has been promoted to executive chairman of BGL Group and will be succeeded as chief executive by chief operating officer Matthew Donaldson, effective from 1 July.
Lloyds job cuts at odds with growth plans, warn unions
Lloyds Banking Group's strategic objective of building long-term stability and growth is being jeopardised by its willingness to sacrifice staff's job security in favour of casual employment contracts, according to trade union Unite.
Insurance jobs go at Lloyds Banking Group amid 550 redundancies
Lloyds Banking Group is cutting 550 jobs from its risk, insurance, commercial banking, retail and wealth, asset finance and international divisions.
Law report: Redundancy ruled lawful
This law report has been contributed by national law firm Berrymans Lace Mawer.
Axa Wealth to cut 30 roles in sales reshuffle
Axa's pensions and investments subsidiary is to cut 30 roles from its sales staff.
MP and job centre rally round Drive Assist staff
The sacked employees of credit hirer Drive Assist have found support in the shape of a local MP and the job centre.
Drive Assist 'cash flow problems' prompt administration with loss of 259 jobs
Advisory and restructuring company Zolfo Cooper has confirmed it was appointed administrators of credit hirer Drive Assist last night.
Job cuts will not affect broker service, says DLG
Direct Line Group’s broker facing insurance brand NIG has reiterated its commitment to maintaining its regional footprint despite revealing around 160 roles were at risk.
Vela MD among redundancies
The managing director of Oval-owned underwriting agency Vela is among seven staff to lose their jobs as part of a plan to "simplify" the operation and secure its future.
Liberty to axe Irish jobs
Liberty Insurance is to shed 285 jobs in Irish offices on both sides of the border.
ING reveals job cuts as it posts 39.3% fall in operating result
ING said on Wednesday that 1,350 jobs are to be cut from its European insurance operations as the firm seeks to achieve a standalone future.
Twelve jobs at risk at the Chartered Insurance Institute
The Chartered Insurance Intitute has placed up to 12 people on redundancy consultation, Post understands.
Groupama to place 20 staff on redundancy consultation
Groupama Insurances has confirmed that up to 20 jobs in finance, IT, human resources and marketing are at risk as the firm seeks to reduce expenses and increase efficiencies.
Parry exits NIG amid restructure
Direct Line Group has confirmed the departure of sales and distribution director Dave Parry amid changes to the management structure at NIG.
DLG to axe 70 leadership roles
Direct Line Group is to scrap 70 senior leadership roles across the business as part of the next phase of a programme to achieve £100m in gross annual cost savings by the end of 2014.
DLG to axe 100 IT roles as part of annual cost savings plan
Direct Line Group has confirmed that approximately 100 jobs will be lost across its IT function, as the firm's £100m annual cost savings drive begins to take effect.
One in six to quit Aviva's Birmingham operation
Almost one in six staff at Aviva's Birmingham office have accepted voluntary redundancy.
Direct Line confirms redundancies
Direct Line Group has confirmed approximately 890 proposed redundancies across the business as part of a drive to cut costs by £100m.
Up to 900 roles at risk under £100m DLG cost-saving bid
Up to 900 roles are at risk at the Direct Line Group, with a full site closure of its Teeside office being proposed, Post understands, as it today reveals the scale of redundancies necessary to achieve its £100m cost savings target.
Insiders voice concern at Aviva's long-term growth prospects amid cuts
Aviva's confirmation that hundreds of roles at "middle management or below" are at risk of redundancy has raised concerns that its long-term cost-cutting strategy comes at the expense of a focus on organic growth.