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 65.1 - Insurance
150 jobs Number of planned job losses
Announcement Date
16 November 2016
Employment effect (start)
Foreseen end date
31 May 2017
Description
AXA Insurance has confirmed that it intends to relocate 150 jobs in its motor claim division from Tunbridge Wells in Kent to Birmingham. The decision has been taken to consolidate the motor claims division at one site; vacancies have been harder to fill in Tunbridge and there has been a high turnover of staff, particularly among the lower paid grades. Staff at Tunbridge have been put on notice of redundancy and individual consultation meetings will now follow. The redundancies mean that half of the staff at the Tunbridge site will be lost. The move is expected to be completed by May 2017. The ERM has previously reported on 650 job cuts at AXA in Belgium, which were announced in September 2016.
Sources
16 November 2016: Times of Tunbridge Wells
25 November 2016: Kent Live
Citation
Eurofound (2016), AXA Insurance, Relocation in United Kingdom, factsheet number 89315, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89315.
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