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
9 September 2017
Employment effect (start)
1 January 2018
Foreseen end date
Description
Legal and General Insurance company has announced plans to relocate 150 jobs from its offices in Hove. The department which deals with general insurance will move to Birmingham in January 2018 and affected workers have been told they can choose to relocate, or otherwise they have the opportunity to apply for jobs in other departments at the Hove site, though there is no information about how many such vacancies currently exist. Reports suggest that staff were surprised by the news, given the apparent financial well being of the company. During the last years there has been strike action by the personnel against planned job cuts.
Sources
9 September 2017: The Argus
Citation
Eurofound (2017), Legal and General, Relocation in United Kingdom, factsheet number 92190, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92190.
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