Cigna Healthcare

Type
Closure
Country
Ireland
Region
Ireland; Northern and Western; West
Location of affected unit(s)
Galway
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
180 jobs
Number of planned job losses
Job loss
Announcement Date
19 January 2009
Employment effect (start)
Foreseen end date

Description

Galway-based medical insurer Cigna Healthcare has announced that it is to close over the next few months and all 180 staff are to be made redundant. The company, which is owned by the American Cigna Corporation, has blamed the current economic climate for the closure, as well as automation of claims processing. The intention is for the work to be relocated to existing Cigna locations in India and the Philippines.

Sources

  • 20 January 2009: The Irish Times

Citation

Eurofound (2009), Cigna Healthcare, Closure in Ireland, factsheet number 68005, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68005.