Royal London

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
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
380 jobs
Number of planned job losses
Job loss
Announcement Date
9 June 2004
Employment effect (start)
Foreseen end date

Description

Royal London, the UK's second-largest mutual life assurer, became the latest life office to pull out of face-to-face direct sales, with a total loss of 380 jobs. About 50 jobs will go at Royal London's offices in Wilmslow with a further 330 in the rest of the country.

Sources

  • 9 June 2004: The Financial Times

Citation

Eurofound (2004), Royal London, Internal restructuring in United Kingdom, factsheet number 60380, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60380.