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Aviva deal may hit jobs

Irish jobs may be at risk if Aviva's €7bn takeover of life and pensions company Friends Life proceeds.

Aviva boss Mark Wilson said the company would "look to minimise job losses first" and "will consult with [its] people first".

"A significant amount of cost synergies are not job related," he said.

But the Herald understands that despite Friends Life not operating in Ireland, Aviva is not ruling out job losses here.

The deal depends on approval from shareholders in both companies.