Feeds

Norwich Union axes 950 IT jobs

Insurer offers tea and sympathy, little else

  • alert
  • submit to reddit

Build a business case: developing custom apps

Norwich Union is to axe some 950 IT jobs to reduce costs and make the insurance firm more nimble in "changing market conditions".

Many of the jobs - predominantly software development and application support - are to be transferred to other companies and shunted overseas to India, Europe and the US.

Staff were told of the jobs cull this morning. Some 700 permanent jobs among IT, facilities management and business systems will be lost by the end of 2005, while the insurer will also be ditching 250 contract workers.

The location hardest hit by the job cuts is Norwich, which will lose 250 jobs. One hundred and fifty will go at offices in York and Bristol, while Stevenage will lose 100 and Croydon 50.

Although Norwich Union is to spend £1m to provide career advice and staff support, it expects all the job losses to be compulsory.

Gary Withers, Norwich Union Life's chief exec, said: "Decisions that affect staff in this way are never easy to make. However, recent market conditions in the UK long-term savings market have been tough and we have to ensure that the company continues its drive for efficiency.

"We will do everything we can to help and support staff during these challenging times and we will ensure they are kept fully informed throughout this process."

Once the jobs cull is completed, around 750 IT jobs will remain in-house at Norwich Union. ®

Related stories

Lloyds mulls offshoring deal with IBM
PCG slams Abbey's India jobs move
Wanadoo UK offshore threatens 200 jobs
Shell signs 'Mother of all outsourcing deals'

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Broadband slow and expensive? Blame Telstra says CloudFlare
Won't peer, will gouge for Internet transit
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Best practices for enterprise data
Discussing how technology providers have innovated in order to solve new challenges, creating a new framework for enterprise data.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?