Royal Sun Alliance (RSA)

Type
Closure
Country
United Kingdom
Region
South West (England);
Location of affected unit(s)
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
500 jobs
Number of planned job losses
Job loss
Announcement Date
23 April 2009
Employment effect (start)
30 April 2009
Foreseen end date
30 June 2010

Description

Insurance firm Royal Sun Alliance (RSA) has announced that they are to cut 500 jobs in Bristol as part of measures to save the company £70m. The closure is due to be completed at the end of June 2010. Unite is meeting with the company to urge them to reconsider the decision. The company has announced that it will attempt to support its staff to find alternative employment and will assist in many areas including help for writing CVs, liaison with other employers in the area to seek out prospective job opportunities.

Citation

Eurofound (2009), Royal Sun Alliance (RSA), Closure in United Kingdom, factsheet number 68780, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68780.