Over 200 more jobs go in Aegon shake-up
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Aegon UK is slashing another 213 job across its marketing, IT and personal assistant support departments.
Last week, Aegon advised employees of new structures being brought in as part of a drive to cut costs by 25 per cent by the end of the year.
It is in negotiations to outsource managing inbound and outbound documents which will see 106 staff transfer to supplier company Océ.
Aegon says it is seeking to minimise compulsory redundancies where possible.
The firm has so far announced a total of 557 job cuts.
Aegon aims to refocus the business on two areas - retirement and workplace savings. It says it met £37m of its £80m cost-saving target by the end of March.
Chief executive Adrian Grace says: “Achieving a lower cost base is essential to ensure Aegon remains a strong and successful business in the years ahead.”
Aegis the Union general secretary Brian Linn says: “Aegis will resist any attempt to impose compulsory redundancies. We recognise the challenging business environment but are hopeful that job losses will come through volunteers.”
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