INSURANCE giant Aviva has announced plans to axe 1,800 jobs over the next three years.
That’s 6 per cent of its 30,000-strong total workforce.
It says it’s consulting with trade union Unite on the job losses but adds that it wants to keep redundancies to a minimum “wherever possible”.
The news comes as the insurer says it needs to cut company costs by £300million a year by 2022.
It also says it will make savings by slashing the amount it spends on contractors and consultants.
Maurice Tulloch, Aviva’s chief executive officer, says the decision has not been taken lightly.
He said: “There are clear opportunities to improve. Reducing Aviva’s costs is essential to remain competitive and this means tough decisions and job losses which I do not take lightly.
“We will do all we can to minimise redundancies and support our people through this.”
Aviva provides life insurance, general insurance, health insurance and asset management to 33million customers.
In the UK, one in four households is an Aviva customer.
It’s been a tough year for businesses with many announcing job cuts this year.
Argos revealed just last month that hundreds of jobs were at risk after a shake-up of middle management roles.
We pay for your stories! Do you have a story for The Sun Online Money team? Email us at firstname.lastname@example.org