Norwich Union to axe 700 jobs

The
Norwich Union insurance company is to lose 700 staff as part of a cost-cutting
exercise.

The
jobs will go at five of the firm’s UK sites: Norwich, York, Bristol, Stevenage
and Croydon. Cuts will be made in the company’s life businesses services
division.

Norwich
Union, the UK’s biggest insurer, said tough market conditions were to blame.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Phone

This field is for validation purposes and should be left unchanged.

Δ

The
Amicus union said it would vigorously oppose any compulsory redundancies and
the offshoring of any jobs abroad.

By Michael Millar