Standard Life

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Glasgow, Edinburgh, Watford, Leeds, Cambridge, London, Manchester
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
195 jobs
Number of planned job losses
Job loss
Announcement Date
25 February 2009
Employment effect (start)
Foreseen end date

Description

Standard Life, an insurer, is to cut 195 jobs across the UK. The firm is attributing the cuts to changes in the way financial products are sold. The jobs will be cut in Glasgow, Edinburgh, Watford, Leeds, Cambridge, London and Manchester. No date has been given for when these jobs will be cut, and no data is available on how many people Standard Life employs at these sites.

Sources

  • 25 February 2009: BBC News ()

Citation

Eurofound (2009), Standard Life, Internal restructuring in United Kingdom, factsheet number 68394, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68394.