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 Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66.1 - Activities auxiliary to financial services, except insurance and pension funding
190 jobs Number of planned job losses
Announcement Date
21 September 2017
Employment effect (start)
Foreseen end date
Description
Insurance company Aegon has announced plans to close its office in Hove, and move the work to Witham. The decision means that 190 jobs at Hove have been identified as at risk, and a statutory consultation process is already underway. It has been reported that affected staff will be given the option to relocate to Witham, though given the distances involved, it is unlikely that many employees will choose this option, and Aegon has appointed a consultant to assist affected staff with job seeking.
Sources
21 September 2017: Citywire
Citation
Eurofound (2017), Aegon, Relocation in United Kingdom, factsheet number 92199, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92199.
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