A massive overhaul at insurance giant Aviva will see 1,800 jobs disappear in the next three years.
Aviva - which employs around 30,000 staff overall - said it will look to keep redundancies to a minimum, with some of the role cuts coming from natural staff turnover.
Chief executive Maurice Tulloch said: "Today is the first step in our plan to make Aviva simpler, more competitive and more commercial."
He added: "Reducing Aviva's costs is essential to remain competitive and this means tough decisions and job losses which I do not take lightly. We will do all we can to minimise redundancies and support our people through this."
The firm plans to find cost savings through lower central costs, savings on contractors and consultants, lower project expenditure and other efficiencies.
It added: "This will involve approximately 1,800 role reductions across the group over the next three years, out of a total workforce of around 30,000."
Tulloch said: "We have strong foundations: excellent distribution, world class insurance expertise, and our balance sheet is robust.
"But there are also clear opportunities to improve."
Aviva has engaged with Unite and our employee representative bodies and will continue to consult on specific proposals.
Other changes
As well as spending less on contractors and cutting jobs, Aviva plans to restructure its business.
The life and general insurance businesses in the UK will be managed separately, with the digital direct business integrated into UK General Insurance.
Aviva said this should mean stronger accountability and greater management focus on its live and general insurance businesses.
"I am also determined to crack Aviva's complexity, an issue which has held back our performance for too long," Tulloch said.
"Today's changes will begin to reduce complexity, cost, and duplication, enabling Aviva to be better at serving our customers and delivering stronger results for our shareholders."
