Article: CIMB Aviva offers VSS

Rupinder Singh
New Straits Times
11-18-2008
CIMB Aviva offers VSS
Byline: Rupinder Singh
Edition: Main/Lifestyle
Section: Business Times
Type: Company

INSURANCE group CIMB Aviva Malaysia has offered a voluntary lay- off scheme to its permanent employees, one of the earliest to do so since the economic slowdown.

An industry source said that about 200 of the group's conventional insurance and takaful unit employees had accepted the voluntary separation scheme (VSS), offered last month.
It is learnt that CIMB Aviva has about 550 employees.

News of the VSS scheme is a worrying sign amid the global financial crisis. Already, there are rumours that a similar scheme may be offered at another local ...

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