British insurer Aviva PLC will cut 2,000 jobs worldwide in the latest cost-cutting drive aimed at revitalizing its flagging fortunes, a source close to the company told Reuters Thursday.

In an internal memo obtained by Reuters, CEO Mark Wilson told staff the cuts would equate to around 6 percent of Aviva Group's global workforce and reiterated a commitment to deliver more than 450 million pounds ($685.56 million) in cost savings by the end of the year.

Reuters