Aviva Ireland job losses will be lower than expected

Sean Egan Aviva
Seán Egan, CEO Aviva Ireland

Aviva Ireland is to reduce the number of jobs it is cutting, but staff may instead face lower pay, the Irish Independent has reported.

According to the newspaper, company CEO Seán Egan said that the 950 job cuts announced in October "represented a view very early on of the maximum amount of redundancies that we thought we'd have".

He added: "As we've gone through the restructuring some things have changed. We expect [the redundancies] are going to be lower."

While Mr Egan would not confirm how many people would lose their jobs, he said it would be a "much lesser number" than 950.

When asked whether the remaining staff would

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