The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
New offshoring locations
400 jobs Number of planned job losses
Announcement Date
14 January 2004
Employment effect (start)
Foreseen end date
Description
Abbey, Britain's second biggest mortgage lender, announced it would shut its customer services centres in Warrington and Derby and transfer the jobs to Bangalore, India. The Abbey group is centring on its core-activity of retail banking. Unions protested and pointed out the inability of the Government to prevent these jobs from leaving the country. This announcement comes on the same day as that at Axa, outsourcing 230 jobs to India.
Sources
14 January 2004: The Guardian
Citation
Eurofound (2004), Abbey, Offshoring/Delocalisation in United Kingdom, factsheet number 59224, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59224.
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