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It's ok, Aviva won't be cutting as many jobs as planned

400 people at Aviva in Ireland have been reprieved: after declaring its intention of cutting 950 jobs last year, Aviva's suddenly had a change of heart. Suddenly, it's only letting go of 500-550 people and all the redundancies will be voluntary.

As an incentive to disappear, Aviva's offering those 500 people six weeks' pay per year of service, capped at 2 and a half years. Whether this is sufficient inducement to leave quietly remains to be seen.

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AUTHORSarah Butcher Global Editor

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The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

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The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.