Aviva staff speak of their shock at the company’s possible merger with Friends Life
- Credit: Archant
Aviva staff today spoke of their shock that the company was considering a possible merger with Friends Life.
It emerged last night that the Norwich-based firm is in 'advanced talks' about joining forces with Friends Life to create the UK's leading insurance, savings and asset management business.
The merger would be worth £5.6bn.
One staff member said the first he had heard about it was when he read the EDP this morning.
The employee, who wanted to remain anonymous, said: 'We hadn't been told about the merger news and it all came out of the blue today. The first I knew about it was when I read it in the EDP.
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'Everyone will want to be reassured about what it means for Norwich after all the changes which have been made and all the upheaval we have had.'
Aviva - previously known as Norwich Union - has been in Norwich for generations and still employs about 5000 people in the city.
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Friends Life said it was prepared to recommend the terms of Aviva's offer to its shareholders.
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