Aviva to Cut Up to 800 Jobs as McFarlane Reshapes Insurer
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Aviva Plc, the second-largest U.K. insurer, said it may cut as many as 800 jobs in the country as Chairman John McFarlane scales back operations to limit the impact of further turmoil in the euro region.
“The vast majority of our employees will be placed into roles with little change” as part of the reorganization, Andrew Reid, a spokesman for the London-based insurer, said yesterday in an e-mailed statement. “Up to 800 roles could be at risk, although in practice it will be fewer than this because of natural turnover” and because some staff will take new positions with the company.