Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Norwich, Watford
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

180 jobs
Number of planned job losses
Job loss
Announcement Date
4 March 2009
Employment effect (start)
Foreseen end date

Description

Central Trust, a finance broker, is to cut 180 jobs. 90 jobs will be lost at the company's site in Norwich and a further 90 will be lost in Watford. No data is available as to how many jobs will remain at these two sites. The company has attributed the job cuts to current economic conditions. As of 8 March 2009 no date has been set for these job losses.


Sources

  • 4 March 2009: BBC News

Citation

Eurofound (2009), Central Trust, Internal restructuring in United Kingdom, factsheet number 68451, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68451.