Three year reorganisation will see support service jobs move to Bangalore
Over 500 jobs at Hibernian, part of Aviva,, will be moved to India in a drive to cut costs.
Ireland's largest insurer said over the next three years, it would gradually move part of its service and support functions to Aviva's well-established global services centre in Bangalore, India.
The transition, which will begin next year, will initially impact up to 80 positions across Hibernian's three centres in Dublin, Cork and Galway. Over the full three-year period, up to an additional 500 positions are likely to move to Bangalore.
Hibernian said the reorganisation was necessary to increase operational efficiencies, reduce costs and support its continued growth. It follows a comprehensive business review, which examined all aspects of the company's operations.
Group chief executive, Stuart Purdy said: "In common with all businesses in today's economic environment, it is imperative that Hibernian operates even more efficiently to provide best value and service to customers. As a consequence, we are reorganising our operations and have embarked on a major change programme. This will take three years to complete and will underpin our long standing position as Ireland's leading multi-line insurance company. We regret the impact of this announcement on our employees and are committed to managing this change carefully, working closely with our employees and their representatives.
"We have ambitious growth plans for our three businesses - general insurance, healthcare, and life and pensions. We believe that our investment in innovative new products and our ongoing commitment to excellent service for existing and new customers will continue to see us grow our business. We remain fully committed to our operations in Dublin, Cork and Galway."