Norwich Union

Type
Merger/Acquisition
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
330 jobs
Number of planned job losses
Job loss
Announcement Date
26 August 2005
Employment effect (start)
Foreseen end date

Description

Insurer Norwich Union is shutting down two RAC call centres as part of its longer-term plans announced in March 2005 to cut 1,700 jobs in the newly-merged group.

About 210 posts will go at Darlington and another 120 will be lost from Morecambe, the company said.

The cuts have been attacked by the Amicus union, which said it had not been consulted about the job losses.

Sources

  • 26 August 2005: BBC News

Citation

Eurofound (2005), Norwich Union, Merger/Acquisition in United Kingdom, factsheet number 62152, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62152.