Bloomberg News

Aviva Fires Dozens of Senior Managers After Review, Times Says

July 01, 2012

Aviva Plc (AV/) has fired dozens of senior managers after carrying out a review of its business and may sell its American division, worth more than 1 billion pounds ($1.5 billion), the Sunday Times reported, without saying where it got the information.

The British insurer’s incoming chairman John McFarlane eliminated four layers of management at its London headquarters and conducted a monthlong review of the company’s operations, the newspaper said.

To contact the reporter on this story: Lindsay Fortado in London at lfortado@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.


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