Aviva today said that it has reduced the number of redundancies it will seek from its Irish workforce to 540 compared to the 770 it announced back in October of last year.
Separately, it is also planning to create 220 new posts in Galway in claims insurance and direct sales.
It said that it has also enhanced the redundancy terms on offer to six weeks per year of service and that each staff member affected will receive a personal retraining allowance valued at E8,000.
"We remain disappointed at the loss of jobs" said Unite Regional Officer Brian Gallagher, "but there has been a reduction in the number of positions being made redundant from an original 770 to a figure now of 540."
"In addition we are pleased to have secured an initial 220 new positions in Galway as well as maintaining strong existing bases in Dublin and Cork." This reduces the net loss of jobs in Ireland by 450 from what was previously announced."