TITLE

RAC HR jobs in firing line after takeover

PUB. DATE
March 2005
SOURCE
Personnel Today;3/22/2005, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that HR staff at motoring services group RAC PLC are likely to be among those who lose their jobs following its proposed take-over by Norwich Union PLC. Jill Nealon, the group's director of HR told that no firm decisions would be made until the summer, but said the coming months signalled a lot of hard work ahead. Aviva Ltd., the parent company of insurer Norwich Union has said it will strip £80m in costs out of the RAC by losing 900 back-office jobs and offshoring another 800. The job losses will come from removing duplication in administrative functions and support services, said Nealon. The cuts would be from a joint pool of staff from RAC and Aviva, she added. Nealon said the RAC prided itself on being open and honest with its employees, but admitted that it would be difficult during the next few months.
ACCESSION #
16680978

 

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