Insurance takeover is likely to cast a pall of uncertainty over Christmas for many staff of combined group
Aviva has agreed to buy the rival insurer Direct Line for £3.7bn, with up to 2,300 job cuts planned as the companies aim for £125m in cost savings.
Aviva, a FTSE 100 member and the UK’s largest insurer, said on Monday it would offer the equivalent of £2.75 for each Direct Line share in cash and shares.
Continue reading...
