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Norwich Union Life to cut 1100 jobs

Norwich Union Life is set to cut 1100 jobs by the end of the year in a bid to improve efficiency.

The firm says the majority of cuts will be made in the business change and IT departments, although other areas will also face redundancies.

In the York office, 349 permanent staff are expected to leave the firm, while 226 permanent jobs are likely to be cut in Norwich, 54 in Sheffield and 35 in Eastleigh. Another 590 contractor positions are expected to be slashed across the country.

Chief executive Mark Hodges says: “Our strategy over the last three years has seen us transform and simplify our business, leaving us well placed to face the challenges ahead. We have made significant progress in improving our operational efficiency and are also nearing completion on a series of major change projects.

“Unfortunately, this means that a reduction in the number of roles in the business is inevitable. Making decisions that affect our people is always difficult and we are fully committed to doing everything we possibly can to minimise the number of compulsory redundancies. Our priority now is to work with everyone affected by today’s announcement and to support them however we can.“

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