Organisational Change Management 600 words
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Need anyone to get done this for me by 04/07/2014 GTM 14:00 maximum!!!!!
An analysis of the need for change in Aviva. Using literature and theory you need to analyse how both external environmental triggers and internal issues are causing the need for change.
Aviva news story:
Up to 180 Norwich staff hit by Aviva job cut plan
Shaun Lowthorpe, Business editor Eastern Daily Press, Friday, June 14, 2013
Staff at insurance giant Aviva were yesterday given more details of its redundancy plans as bosses confirmed changes to a raft of IT and administrative posts.
The company refused to be drawn on the exact number of possible job losses, but the EDP understands that at least 180 Norwich-based group personal pension team staff, part of the Life business, could see their posts axed as the firm plans to shift the roles to India or Sheffield.
But the job losses in the city could be higher after an internal memo sent to employees confirmed it is looking to axe 650 roles and 300 contracter posts across the UK as part of a plan to shed 2,000 jobs across its global operation. Staff in Norwich are also among those affected, though no details were given of how many.
That includes teams within the firm’s COO (chief operating officer) group, which also features procurement, finance planning and portfolio management.
The memo, which was sent by Cathryn Riley, chief operations officer, said: “In COO we have a key role to play in helping the Group focus on its priorities of cash generation, strengthening the balance sheet and reducing expenses.
“As a leadership team we are clear on the actions we need to take to become more efficient and at the same time build the right capability and shape of organisation for the future.
“We need to build a more flexible resourcing model to respond to highs and lows in demand, invest in future capability and get basics of service and ways of working right.
“This means that we will have an organisation which is very different in both shape and size. We committed to being transparent with you all, so I am sharing the numbers with you where possible. Overall we will be reducing 650 roles across UK COO and circa 300 contractors.
“I am conscious that there is a lot of detail, so your leaders will take you through the local changes and impacts,” she added. “I am aware that with all this comes another period of uncertainty. Seeing colleagues leave the business is always difficult and I know the next few months will be tough. We remain committed to providing clarity as quickly as we can and our aim is for everyone to know their individual outcome by the end of July.”
The shake up is part of a plan by new Aviva chief executive Mark Wilson to axe 2,000 staff across its global operation while it is also looking to cut redundancy payments as part of an ongoing cost-cutting drive to save £400m and restore the fortunes of the group, which this year unveiled £3bn losses.
With the firm employing 6,000 staff in the city – mostly in its general insurance division – it was thought that could see up to 360 jobs lost as it looks to make 6pc reductions across the board potentailly sucking millions of pounds of spending power out of the local economy.
An Aviva spokeswoman said: “A number of teams across the UK have been briefed on changes affecting them. As we have said previously, we do not take these decisions lightly and we will be working hard to minimise any impact by closing vacancies and looking at redeployment options across the wider business.
“We cannot give any further detail in terms of locations or numbers as we are still working this through in the business areas affected.”
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