Aviva is latest insurance firm to cut IT jobs
IT workers will be hit by 1,100 job cuts to be made by insurance company Norwich Union Life, owned by Aviva.
Most of the job cuts are in business change and IT, with the rest spread across other areas of the company, said the UK's largest insurer. A total of 590 contract positions will also be cut.
But natural turnover and redeployment mean the number of permanent employees who will leave the company is estimated to be about 800, said Aviva.
Mark Hodges - CEO at Norwich Union Life, which is the Aviva business affected - said the company has made progress in improving its operational efficiency and is also nearing completion on a series of major change projects.
"Unfortunately, this means that a reduction in the number of roles in the business is inevitable," he said.
Read the rest of the story here.