Aviva job cuts: Mixed response from analysts
Analysts warn Tulloch may take "more radical" action if cost-cutting move fails to work as they respond to 1,800 redundancies plan.
Analysts have issued a cautious welcome to Aviva’s plan to cut 1,800 staff and separate its life and general insurance businesses as it seeks to save £300m a year.
CEO Maurice Tulloch unveiled the plan to reduce its debt by 2022 on 6 June.
Analysts from Panmure Gordon, Barrie Cornes and Ming Zhu jointly commented: “Overall we view these targets as very positive. We believe more radical changes could come if the cost savings don’t have the desired effect.
“Our view remains that the company is
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