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.
Financial Services Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66 - Activities auxiliary to financial services and insurance activities
425 jobs Number of planned job creations
Announcement Date
7 August 2007
Employment effect (start)
Foreseen end date
Description
Homeloan Management Ltd (HML), a mortgage administration firm, is to create 425 new jobs as part of a major expansion in Glasgow. A spokesman for the firm said that the new staff would help meet increasing demands for the company’s services. The company, which is part of the Skipton Building Society group, already employs 75 people in Glasgow. It will be relocating to the city's Skypark business complex to accommodate the expansion.
HML's plans have been supported by the Scottish government with an offer of up to 1.6 million GBP in Regional Selective Assistance. Enterprise Minister Jim Mather said: 'HML's decision to invest in Glasgow confirms Scotland's status as a first class location with skilled and motivated people.'
HML handles assets of £48bn for more than 40 clients, and currently employs about 1,800 people in the UK and Ireland.
Sources
7 August 2007: BBC Website
Citation
Eurofound (2007), Homeloan Management Ltd, Business expansion in United Kingdom, factsheet number 65688, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65688.
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