Aviva restructure costs 950 Irish jobs
Aviva is proposing to combine Aviva Ireland with Aviva UK while at the same time restructuring its European regional operations, to create a leaner cost base.
Over the two years from March 2012, around 950 job losses are expected, comprising 770 roles from Aviva Ireland and 180 from Aviva Europe operations based in Ireland.
According to the insurer, Ireland remains one of its 12 priority markets but the country’s economic struggles mean there is a “pressing need” to cut costs if long-term success is to be secured.
More positively, the Irish business can expect benefits from the merger in terms of technology, underwriting capability, purchasing power and product offering.
Aviva will also investigate the feasibility of establishing additional centres of excellence in Ireland to serve customers in the UK, potentially mitigating job losses by around 200.
However, the prospect is overshadowed by the possibility of some roles in Ireland eventually being outsourced.
Meanwhile, the group’s review of its pan-European operations will streamline administration and support functions in a move that will impact up to 180 Aviva Europe roles based in Ireland.
Aviva Europe chief executive, Igal Mayer, comments: “The proposed changes to our regional operations will deliver a stronger, leaner business, at the heart of which is a firm focus on meeting our customers’ needs.”
Category: Aviva News, Employment News, Insurance News
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