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
193 jobs Number of planned job creations
Announcement Date
20 September 2017
Employment effect (start)
Foreseen end date
Description
Insurance company Admiral has announced plans to create 193 new jobs at its offices in Cardiff. The announcement follows the award of 668,500 GBP from the Welsh Government's Business Finance Scheme, which is designed to help job creation. The new jobs will support the company's expansion into the personal lending market through an online platform. There is no information available on when it is expected that the jobs will be filled. Admiral is one of the largest employers in Wales, employing over 6,000 staff including more than 3,000 in Cardiff itself. The latest announcement closely follows its previous expansion. Earlier in 2017, Admiral added 150 jobs across its operations in Cardiff, Swansea and Newport.
Sources
20 September 2017: Wales Online
Citation
Eurofound (2017), Admiral, Business expansion in United Kingdom, factsheet number 92193, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92193.
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