Aviva is set to post a £3bn loss in its annual results this week and will also reveal whether it has decided to cut dividends according to latest reports.
A report in the Sunday Times stated that major restructuring processes involving regional management is the direct cause of this and has resulted in up to 800 jobs being lost. In addition, the sale of Aviva’s American business has triggered a write-down of £3.2bn.
A board meeting will be held on Wednesday on the issue of dividend payouts and the full annual results are scheduled to be published Thursday morning.
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