Business Irish

Thursday 19 April 2018

Job losses at Aviva could top 1,000 as morale 'on floor'

Louise Hogan

CONCERNS were growing last night for the fate of staff at insurance giant Aviva following revelations up to 1,000 jobs may be lost.

Confidential documents have indicated losses may be higher than previously feared, with plans to potentially axe between 800 to 1,000 of the 2,000 jobs in Ireland.

Aviva has continued to state its review of Irish operations is still underway and it is "too early to speculate".

The regional officer of the Unite union, Brian Gallagher, last night said "morale was on the floor" and speculation had been mounting since February.

He said the union representing 1,300 staff was being frustrated by a lack of communication on behalf of the employers. Mr Gallagher said the union was attempting to work with the company to point out "the strategy was wrong" but "industrial action" would not be taken over mere speculation.

It is understood the confidential review of operations in Dublin, Galway and Cork has been code-named 'Operation Excelerate'.

Restructuring

Documents seen by RTE's 'Prime Time' indicated between 800 and 1,000 jobs may be axed as part of the restructuring and cost-cutting, while branches may be reduced from 26 to around 11.

Other options being touted were rationalising on-the-road sales force and automation projects to replace staff.

Aviva has also relocated its European headquarters from Ireland to London.

Irish Independent

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