Redundancies announced at Axa UK

Redundancies of up to 500 employees were announced by Axa UK, as it reported flat trading in the first half of 2008. The company said the reductions would help drive future growth and improve customer service as it moved into the next phase of its new operating model. Axa's general and health insurance revenues remained flat at £1.87bn in the first half of 2008, compared to £1.86bn for the same period the previous year. However, revenue at Swiftcover, Axa UK's internet-only motor insurer, was up

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