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 Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, reinsurance and pension funding, except compulsory social security
400 jobs Number of planned job creations
Announcement Date
25 June 2008
Employment effect (start)
25 June 2008
Foreseen end date
25 June 2011
Description
Insurance company Admiral Insurance is creating 400 jobs over the next 3 years at a new office in Newport. The company is opening a new base near Newport, in addition to its existing bases in Cardiff and Swansea. The company announced that the job creation is part of its ongoing expansion and that the choice of Newport reflects its commitment to South Wales.
Sources
25 June 2008: BBC Website
Citation
Eurofound (2008), Admiral Insurance, Business expansion in United Kingdom, factsheet number 66806, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66806.
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