Redundancies
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.
Editor's comment: Communication calamity
Aviva's evasiveness over revealing redundancy numbers attached to its well-publicised £400m cost-saving mission - coupled with the consequences of later admitting this to be as high as 800 (not counting the one in four directors who have already left) -…
Kwik Fit helps staff find new roles ahead of Glasgow consolidation
Kwik Fit Financial Services will press ahead with consolidating its insurance business in Glasgow, after revealing that the majority of the 170 employees affected by the closure of its Birmingham office have secured new positions.
Aviva: New jobs at risk "in line" with chairman's strategy
Aviva has claimed the 800 at-risk jobs among “middle management and below” are in line with its chairman’s plan to simplify the business.
Union accuses Aviva of job cuts programme via the back door
Aviva has warned that up to 800 jobs are at risk within its UK business as part of a push to cut costs by new chairman John McFarlane.
Aviva suffers ratings downgrade amid strategic overhaul
Aviva has been hit with a Standards & Poor’s ratings downgrade following concerns about the cost and risks of delivery associated with its strategic plan.
Towergate confirms London Markets roles at risk
Towergate has confirmed this morning that employees in its London Markets business are subject to a period of consultation, which could result in redundancy.
More mid-management jobs to go at Aviva as streamlining gathers pace
Aviva has informed staff of the next phase of its reorganisation by announcing that a handful of mid-management positions are for the chop.
Streamlined Aviva approach to free up regional underwriting opportunities
Aviva will invest in its corporate specialty business capability while freeing up underwriters to concentrate on targeting mid-market opportunities, in line with the firm’s regional strategy.
Aviva regional strategy leads to UK cutbacks
Aviva staff across the UK are expected to be rocked by job cuts following news of the second wave of the firm's regional strategy.