Aviva Fires Dozens of Senior Managers After Review, Times Says
Stock Chart for Aviva PLC (AV/)
Aviva Plc (AV/) has fired dozens of senior managers after carrying out a review of its business and may sell its American division, worth more than 1 billion pounds ($1.5 billion), the Sunday Times reported, without saying where it got the information.
The British insurer’s incoming chairman John McFarlane eliminated four layers of management at its London headquarters and conducted a monthlong review of the company’s operations, the newspaper said.
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