“Insurance giant Aviva, which employs about 3,000 people in York and 18,500 nationwide, announced yesterday it was cutting up to 800 jobs from its UK bases, about 4.3 per cent of the total.” Source: The Press “Aviva recently announced a ten per cent drop in half-year operating profits to Thanks, Dreamraven
we are still in the recession so we will probably hear more job cuts coming from big corporations whose 3 or 4% cuts translate into hundreds of jobs, which can have a big impact on local communities but the % is small enough that will not affect their operations... probably best to look at it as glass half full, its still better than a big company going bankrupt, where majority of the people would be laid off instead of just a few percent BoBo_184
True. It is better to look at it that way. But it makes you think a lot though. Its not only happening in the UK. Here in SA, we have the same problem, and its all over the world. Countries say that they are doing what they can to try lower the unemployment rate, but people are still losing their jobs, and most take ages before they can find new ones, and by that I mean jobs that match their skills. Thanks, Dreamraven
The insurance sector is similar to the legal sector in that it can easily change to the market. Going back a few years all the legal firms effectively just got rid of all their conveyancing teams due to the housing market being dead and up in their place appeared debt collection teams. It is just good for businesses to be fluid like this so I expect those equivalent roles will appear again over time somewhere else within Aviva but then again that generally won't make the press. More sickeningly is seeing the profits of these insurance companies who benefit off certain compulsory insurances (car and house) yet rates keep rising tightening the load for people ParagonHRSolutions
Also true. I have seen some advertising otherwise, and just when you have a glimmer of hope you realize that they are also a business, and will make a profit some way or another, which kinda reminds me to read small print at all times. Thanks, Dreamraven |
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