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
150 jobs Number of planned job creations
Announcement Date
8 June 2017
Employment effect (start)
Foreseen end date
Description
Insurance company Admiral is expanding its workforce by creating 150 new jobs in its operations across South Wales. Roles will be available in sales, claims, renewals and customer services and will be based in Cardiff, Swansea and Newport. The company operates an employee shares scheme which all new employees will join, which gives shares worth upp to GBP 3,600 (€4,100) as well as pays dividends twice a year. Admiral is a major employer in South Wales, employing around 6,000 across its operations. It previously expanded at these three sites in 2015.
Sources
8 June 2017: Wales Online
Citation
Eurofound (2017), Admiral, Business expansion in United Kingdom, factsheet number 91186, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91186.
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