Jobs could be lost at major Sheffield employer

NEWS: News.
NEWS: News.
0
Have your say

One of Sheffield’s biggest employers expects to shed 1,500 jobs nationwide as part of a multi-billion pound merger.

Aviva, which has about 1,300 workers based at its offices on Pear Street, off Ecclesall Road, is preparing a £5.2 billion deal with pensions firm Friends Life.

The proposed job losses were revealed in a prospectus issued to investors ahead of votes on the deal at the end of March.

Aviva said no locations have been identified as under threat, adding that it will look to limit the number of redundancies through normal staff turnover and existing vacancies.

A spokeswoman said: “We appreciate that this news may be disconcerting for employees and we would look to ensure that any redundancies are kept to a minimum wherever possible, by using vacancies and natural turnover, for example.

“At this stage, no specific teams, roles or locations have been identified as the proposed transaction has not completed. When we are clearer on this, following completion of the deal, we will fully engage and consult with employees and their representative bodies.”