April 19, 2013

Aviva to cut 2,000 jobs worldwide


Aviva will cut as many as 2,000 jobs worldwide in the latest cost-cutting drive aimed at revitalising its flagging fortunes, a source close to the company told Reuters on Thursday.
In an internal memo obtained by Reuters, Chief Executive Mark Wilson told staff the cuts would equate to around 6 per cent of Aviva Group's global workforce and reiterated a commitment to deliver more than 450 million pounds (S$847 million) in cost savings by the end of the year.
Read full story: Straights Times
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