Norwich Union have made another 4,000 workers redundant. Send the fuckers who made that decision over here and we'll put them up in barracks miles away from their families and get them to make ipods for the price of a bowl of rice.
Norwich Union, and their parent company, Aviva have got history of this as long as your arm. Over the past three years they have made nearly 18,000 workers redundant mostly through offshoring jobs away from places like Norwich, Glasgow and Belfast to India and Sri Lanka.
Now, there's nothing wrong with this - lifting millions out of abject grinding poverty will not happen unless the West shares the wealth. Instead Aviva are driven purely by the CEO timeline and a desperation to drive up profits for their shareholders. There is no strategy or balance to what they are doing other than falling under the spell of the hundreds of corporate Rasputins who are making a killing out of the offshore trend.
Patrick Snowball, Aviva's huntin'n'shootin Executive Chairman, said that we are now in a self service industry. Of course we are. More people use phone banking and go on-line but self service also means choice and people also choose their high street branch.
Most of the other high street insurers have made moves to either return to the UK for back office processing and call centre operations or rightly manage a sustainable mixed economy.
Aviva profits have jumped by 27% to £1.7bn, helped by foreign expansion and strong growth in the UK pensions market.
Dividends are down and contributions are up. There is a wholesale malaise across the banking and insurance industry.
Aviva is profit driven and used infighting at the Labour Party hogging the stories at TUC to 'bury bad news'.
Remember this, during the previous round of blood letting the Aviva press office proudly issued a release telling us that £1.3 million had been set aside for staff training to balance the number of jobs being sent overseas.
That figure was spread across 30,000 employs and was actually less than the salary and benefits of CEO Richard Harvey.
Aviva is making in roads in China. It sponsors everything that moves and relies on opening our markets for future gain. They've even started offshoring from Bangalore to Beijing.
Be warned we're still gonna swarm all over you and institute periods of self criticism for the Board upwards, then we'll send you to the Falun Gong camps and remove your organs while your still awake and sell them to Party officials.
Friday, September 15, 2006
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