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 / Insurance/ Estate 64 - Financial service activities, except insurance and pension funding 64 - Financial service activities, except insurance and pension funding 64 - Financial service activities, except insurance and pension funding
180 jobs Number of planned job losses
Announcement Date
4 March 2009
Employment effect (start)
Foreseen end date
Description
Central Trust, a finance broker, is to cut 180 jobs. 90 jobs will be lost at the company's site in Norwich and a further 90 will be lost in Watford. No data is available as to how many jobs will remain at these two sites. The company has attributed the job cuts to current economic conditions. As of 8 March 2009 no date has been set for these job losses.
Sources
4 March 2009: BBC News
Citation
Eurofound (2009), Central Trust, Internal restructuring in United Kingdom, factsheet number 68451, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68451.