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 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
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76183.
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