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 64.9 - Other financial service activities, except insurance and pension funding
195 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70129.
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