Zurich

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Glasgow, Whitely
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
121 jobs
Number of planned job losses
Job loss
Announcement Date
7 November 2013
Employment effect (start)
1 March 2014
Foreseen end date

Description

Insurance provider Zurich is to cut 121 staff in its centers at Whitley (94) and Glasgow (27).

This follows the company’s decision to move the handling of claims for personal and motor insurance to its subsidiary Endsleigh starting in March 2014.

The management stated that it will try to preempt social impacts and cut the positions via relocations, natural attrition and voluntary departures.

Zurich group is based in Zurich, employing about 60,000 staff worldwide. Previous cuts on staff in the UK were made in 2012 and 2011.

Sources

  • 7 November 2013: Insurance Age

Citation

Eurofound (2013), Zurich, Internal restructuring in United Kingdom, factsheet number 76183, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76183.