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.
South West; Gloucestershire; Wiltshire and North Somerset
Location of affected unit(s)
Sector
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
500 jobs Number of planned job losses
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.
Sources
Citation
Eurofound (2009), Royal Sun Alliance (RSA), Closure in United Kingdom, factsheet number 68780, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68780.
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