By Daniel Hunter
Aviva have confirmed plans to cut 6% of their workforce over the coming six months.
The insurance firm will make the cuts, that will see in the region of 2,000 staff let go, worldwide
The company will consult with unions and staff before the number of job losses in the UK is finalised.
Altered redundancy packages for UK staff were also announced. From May this year, redundancy pay will be capped at 78 weeks, down from 104.
Payouts will also be cut from four weeks' pay for each year of service, to two. However, this change will not kick in until December, after the latest round of redundancies.
"I know this is difficult news for our employees, but these changes are essential if we are to remain competitive," said Mark Wilson, group chief executive officer. "Aviva needs to become a more efficient and agile organisation to unlock its potential."
However, Unite have reacted angrily to the news.
"Once again, finance staff are being forced to pay the price for boardroom failure," said Unite national officer Dominic Hook. "To cut redundancy pay so drastically when there is deep uncertainty over job security is a callous and disgraceful act."
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