EMCC European Monitoring Centre on Change

Zurich

Company/Organisation:
Zurich

Geographic Location

Country: United Kingdom
Location of affected unit(s): Glasgow; Whitely

Company

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

Employment Effects

Announcement Date: 07-11-2013
Planned Job Reductions min: 121
Planned Job Reductions max: 121
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-03-2014

Additional Information

Insurance provider Zurich is to cut 121 staff in its centers at Whitley (94) and Glasgow (27).

This follows the company’s decision to move the handling of claims for personal and motor insurance to its subsidiary Endsleigh starting in March 2014.

The management stated that it will try to preempt social impacts and cut the positions via relocations, natural attrition and voluntary departures.

Zurich group is based in Zurich, employing about 60,000 staff worldwide. Previous cuts on staff in the UK were made in 2012 and 2011.