Student Loan Company (SLC)

Type
Internal restructuring
Country
United Kingdom
Region
Scotland; West Central Scotland; Glasgow City
Location of affected unit(s)
Hillington (Glasgow)
Sector
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
195 jobs
Number of planned job losses
Job loss
Announcement Date
28 January 2010
Employment effect (start)
Foreseen end date

Description

The Student Loan Company has announced plans to cut 195 jobs from its premises in Glasgow and Hillington. According to the Public and Commercial Service union (PCS), the redundancies are blamed on cuts in UK government funding. The company said the job losses were needed to deliver a better quality of service in the future. Management are now entering a period of consultation with staff and the PCS, and they anticipate that the majority of the redundancies will be through voluntary means.

Sources

  • 28 January 2010: BBC News

Citation

Eurofound (2010), Student Loan Company (SLC), Internal restructuring in United Kingdom, factsheet number 70129, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70129.