Norwich Union

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Norwish, Perth, Worthing, Cheadle
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
900 jobs
Number of planned job losses
Job loss
Announcement Date
15 July 2003
Employment effect (start)
Foreseen end date

Description

280 of the 900 jobs being shed would go from an administrative office in Cheadle which will be closed by March 2004. The restructuring is mainly due to change in the general insurance arm.

Sources

  • 16 July 2003: The Observer

Citation

Eurofound (2003), Norwich Union, Internal restructuring in United Kingdom, factsheet number 59110, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59110.