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.
Glasgow, Edinburgh, Watford, Leeds, Cambridge, London, Manchester
Sector
Financial Services Financial And Insurance Activities 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
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68394.
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