AXA Shifts Jobs To India, Cuts U.K. Force
NU Online News Service, Jan. 15, 2:35 p.m. EST
Some 220 job cuts will come from AXA's call centers in northern England, as the company scales back its AXA Direct general insurance business. The company said it would also eliminate another 250 general insurance jobs and possibly look at moving up to 230 more jobs to India. AXA currently has about 10,500 employees in the U.K., of which about 4,500 work in general insurance.
"We are continually looking at ways in which to become an even stronger player in an increasingly competitive marketplace, and off-shoring some jobs to AXA Business Services in India is one of the options," AXA stated. ""The aim is to cut costs and improve competitiveness and profitability."
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
