Aviva staff 'paying for bosses' failure'

Staff at Aviva whose jobs have been placed at risk in a £400m cost-cutting drive are paying “the price of boardroom failure”, a union said today.

The Norwich-based insurance group, which employs 18,500 people in the UK, has warned that up to 800 jobs could be lost under a restructuring being overseen by new chairman John McFarlane.