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.
West Midlands; Shropshire and Staffordshire; Stoke-on-Trent
Location of affected unit(s)
Burslem
Sector
Financial Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65.1 - Insurance
200 jobs Number of planned job creations
Announcement Date
17 October 2016
Employment effect (start)
17 October 2016
Foreseen end date
17 October 2017
Description
Insurance company Autonet has announced that it is to create 260 new positions in the coming twelve months. 60 of the positions will be for apprentices. The company, which is based in Burslem, Stoke-on-Trent, specialises in providing insurance for vans and cars. The announcement of the new positions follows the company's acquisition by HPS Investment Partners. The roles which are being created will be based in the customer service and sales departments. The company has already held an open day to try to attract new recruits and to show them the benefits of working for the company.
Sources
17 October 2016: The Stoke Sentinel
18 October 2016: Insurance Times
Citation
Eurofound (2016), Autonet, Business expansion in United Kingdom, factsheet number 88906, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88906.
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