Aviva has axed 1200 of 1800 jobs set to be cut
Operating profits for Aviva’s UK general insurance business fell 35% to £250m in 2019, though the result excludes the £45m cost of strengthening reserves following July’s Ogden rate revision, as it revealed it has cut 1200 jobs across the company so far.
Aviva signalled intent to split its UK GI and life businesses last year, announcing in June that it would cut 1800 jobs as it sought to cut costs by £300m per year by 2022.
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