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Aviva profits boost case for greater job security, say...

Aviva profits boost case for greater job security, says Unite

08 August 2013

The return to profitability of insurance giant Aviva reinforces, once again, the need for financial bosses to treat their workforce with fairness and stop the conveyor belt of job cuts.

Unite, the largest union in the country, has already pointed out that that the renewed profitability of banks, such as Lloyds and RBS, should herald a new chapter in employment relations in the financial sector which has seen savage job cuts since the banking crisis exploded in 2008.

Unite national officer for finance Dominic Hook said: “Aviva’s operating profits - up five per cent to £1 billion – demonstrate that there is great scope for boosting employment, stopping the conveyor belt of job losses and opening a new chapter where employees share in the profits that they have helped generate.

“Unite deplored the 2,000 job cuts that Aviva announced in April – with 600 of those UK jobs being exported to India. This callous attitude to its workforce should stop.

“The sun is shining on the profitability of the banking and insurance sectors and the workforce should share in this summer of renewed financial optimism.”

ENDS

For further information please contact Unite senior communications officer Shaun Noble on 07768 693940 

  • Unite is Britain and Ireland’s largest trade union with 1.4 million members working across all sectors of the economy. The general secretary is Len McCluskey.