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Aviva warned against the pursuit of job cuts in Friend...

Aviva warned against the pursuit of job cuts in Friends Life takeover

19 January 2015

Britain’s largest union, Unite warned Aviva against job cuts as reports emerge of the drive for £225 million annual cost savings. The eroding of terms and conditions must not be the basis of the takeover of Friends Life in the £5.6 billion deal, argues Unite.

The union, which represents around 4,000 members across both companies, is warning that a pursuit to cut costs would do nothing for the future of the new company. Customer service will suffer if staff are the casualties of the purchase of Friends Life. 

Responding to the news today, Unite national officer Dominic Hook said: “Unite will be seeking assurances from Aviva that the takeover of Friends Life will not be used as an excuse to slash jobs and erode terms and conditions of staff in the pursuit of £225 million cost savings.  

“Unite will actively engage with Aviva and Friends Life to avoid job losses. The skills and experience of the long serving staff across Friends Life and Aviva will form the basis of the future success of the new company. Now both Aviva and Friends Life need to give their staff clarity and assurances about the future of the combined workforce in the new company.”

ENDS   

For further information please contact Unite senior communications officer Saba Edwards on 07768 693 953. 

Notes to editors:

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