Axa to axe 700 jobs
Axa has announced plans to cut 700 UK jobs this year as part of a major strategic refocus, which wil...
Axa has announced plans to cut 700 UK jobs this year as part of a major strategic refocus, which will see the insurer cease promoting its direct brand.
The move, part of the insurer's three-year strategy, means an initial 220 call centre jobs will be hit at its Morecambe and Darlington offices.
A further 230 are expected to be outsourced to India.
The refocus follows Axa's strategy to reduce its combined ratio, which sought and achieved a figure of 104%. It has also hit its targets to increase
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