TITLE

350 jobs set to go in Axa shake-up

AUTHOR(S)
York, Nicola
PUB. DATE
August 2009
SOURCE
Money Marketing;8/13/2009, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the 350 job cuts at financial services firm Axa UK PLC which are caused by a strategic review of its life and savings business in 2009 in Great Britain. Despite the increase in Axa UK PLC's earnings by 2% to 186 million British pounds from 183 million British pounds, it needed to increase efficiency to ensure economic recovery. Chief executive Nicolas Moreau asserted that life and savings businesses continued to lessen costs that would impact employees.
ACCESSION #
44018400

 

Related Articles

  • Axa Unit Shuffles Top Execs.  // American Banker;3/27/2006, Vol. 171 Issue 58, p6 

    This article reports that Axa UK, the holding company for Paris-based Axa Group's insurance operations in Great Britain and Ireland, said that Dennis Holt, 57, would retire on June 30 as group chief executive of the U.K. unit. He is to be succeeded by Nicolas Moreau, the chief executive of Axa...

  • Moreau hopes to convince Treasury on need for flexible retirement products. Shaw, Sam // Money Marketing;11/22/2007, p12 

    The article reports on the call of Axa UK chief executive Nicolas Moreau for the government to allow greater flexibility in the at-retirement market of Great Britain. He recommends freeing up the rules on forced annuitisation at age 75 and some changes on the application of Government Actuary's...

  • Aviva Investors to cut 6% of global workforce. Yarker, Jon // Fundweb;11/21/2013, p1 

    The article reports on the preparation of Aviva Investors to cut its global workforce. It notes that the investment firm will cut 6% or around 60 jobs in preparation for the arrival of its chief executive officer Euan Munro in January 2014. It mentions that Aviva has reviewed its strategy for...

  • Direct Line's legal team at risk as 2,000 UK jobs to go. Burton, Lucy // Lawyer (Online Edition);6/27/2013, p3 

    The article offers information on the announcement made by part of the Royal Bank of Scotland (RBS), Direct Line Group Ltd., related to the upcoming potential job losses for the legal team. It presents the views of Paul Geddes, chief executive officer (CEO) of the group, regarding the new cost...

  • Dos and don'ts of restructuring. Morished, Mutlaq Al // ICIS Chemical Business;8/1/2016, Issue 4475, p1 

    The article presents the author's views on various aspects related to restructuring a company. The author says restructuring occurs because, over a period of time, management has allowed the cost structure to surge without a corresponding enhancement in revenues. It is opined that the chief...

  • AXA reviews £30m marketing roster. Thomas, Joe // Marketing (00253650);4/8/2009, p3 

    The article reports on the £30 million marketing services roster of AXA UK PLC. It notes that the review covers all the financial-services group's brands. It is predicted to affect the creative, direct and digital and media buying accounts. It points out that the review will take the rest of...

  • Axa starting £6m ad push to unite brands. Henshall, Angela // Money Marketing;9/23/2004, p14 

    Reports on the advertising campaign launched by Axa UK PLC in Great Britain. Aim of the company to bring its three businesses under one brand strategy; Features of the campaign.

  • AXA: motoring ahead but hazards await.  // MarketWatch: Global Round-up;Mar2007, Vol. 6 Issue 3, p106 

    The article reports on the economic performance of AXA Insurance PLC in Great Britain. Accordingly, the company's business operations in the country has posted a strong growth due to the expansion in the personal, commercial and general insurance markets specifically within the motor insurance...

  • Axa UK takes fast track to award success.  // Supply Management;3/3/2005, Vol. 10 Issue 5, p39 

    Reports that the group procurement team at British financial services company, Axa UK PLC, has achieved Chartered Institute of Purchasing and Supply certification standard. Purchasing policies and procedures of the company; Significance of the award on the firm.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics