Aviva to cut 380 jobs after restructuring of RBS tie-up

Aviva is to cut 380 jobs from the second half of next year in its Bristol office, due to the restructuring a bancassurance tie-up with Royal Bank of Scotland.

In August 2010 Aviva announced a new banacassurance deal with RBS, replacing its previous joint venture, served by its administration centre at Trinity Quay in Bristol, where 380 jobs could now be cut.

Aviva said it told staff a year ago that their jobs could be at risk as a result of the new RBS arrangement.

The company has decided to administer its new RBS deal from across its offices in York, Norwich and Sheffield.

An Aviva spokeswoman said: ‘This means that around 380 employees in Bristol will be at risk of redundancy following consultation over the next two years. These will be phased from the second half of 2012 at the earliest.’

They added: ‘Our priority is to give employees as much support as possible throughout this difficult period, engaging with them as early and openly as possible and we will, of course, do everything we can to re-deploy those people impacted by these changes.’

Aviva will retain around 60 specialist underwriting and claims assessment roles in Bristol. Around 80 employees who work for other parts of the Aviva business are unaffected by this decision.