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.
West Midlands; Herefordshire; Worcestershire and Warwickshire
Location of affected unit(s)
Warwick
Sector
Administrative Services Office Administrative, Office Support And Other Business Support Activities Activities Of Call Centres 82.2 - Activities of call centres
New offshoring locations
400 jobs Number of planned job losses
Announcement Date
16 November 2005
Employment effect (start)
Foreseen end date
31 December 2006
Description
Cheltenham & Gloucester is to close its mortgage application centre near Warwick, with the loss of up to 400 jobs. C&G, Lloyds TSB's mortgage arm, said the jobs would be transferred to Mumbai in India by the end of 2006; it has already switched more than 2,500 jobs to Mumbai in a cost-cutting drive - 1n 2004 the bank closed a call centre in Newcastle with the loss of 960 jobs.
Sources
17 November 2005: The Guardian
Citation
Eurofound (2005), Cheltenham & Gloucester, Offshoring/Delocalisation in United Kingdom, factsheet number 62524, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62524.
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