EMCC European Monitoring Centre on Change

Fortis

Company/Organisation:
Fortis

Geographic Location

Country: United Kingdom

Company

Sector: Financial services
Financial and insurance activities
65 - Insurance, reinsurance and pension funding, except compulsory social security

Employment Effects

Announcement Date: 12-09-2009
Type of Restructuring: Business expansion
Planned Job Creation: 1500

Additional Information

Fortis, an insurance company, has announced plans to create more than 1500 jobs across the UK. The new jobs come as part of an agreement between the company and the supermarket giant Tesco. The agreement foresees the provision of Fortis car insurance products to the financial branch of Tesco. As of 13 September 2009 no date has been given for the implementation of the new jobs.