Updated 12.40pm
AVIVA IRELAND CHIEF executive Dermot Browne will resign at the end of the year, the insurance company has confirmed.
Browne will leave the company at the end of the year and be replaced by Seán Egan who will guide the company through its restructuring which will see 950 jobs cut in Ireland with 770 redundancies coming from the company’s Irish operations in Dublin, Cork, and Galway.
The redundancies will come into effect next year with the company also recently announcing plans to combine its Irish operation with its one in the UK to form a new “UK and Ireland Region”.
“The proposed changes will align many of Aviva Ireland’s activities and services with Aviva’s UK business and ensure the cost base is at market-leading levels in order to offer more competitive pricing and introduce new products and services for customers,” the company said in a statement.
“Under the proposals, Aviva will remain the largest employer in the Irish insurance sector.”
It is understood that Browne’s resignation comes partly as a result of this merger which will see Aviva’s CEO for its Irish and UK operations based in the UK.
Earlier this month UNITE, which represents 75 per cent of the Aviva workers in Ireland, said that its members had voted in favour of industrial action following news of the redundancies.
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