Internal restructuring
United Kingdom
Location of affected unit(s)
Glasgow and Hillington
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.9 - Other financial service activities, except insurance and pension funding

195 jobs
Number of planned job losses
Job loss
Announcement Date
28 January 2010
Employment effect (start)
Foreseen end date


The Student Loan Company has announced plans to cut 195 jobs from its premises in Glasgow and Hillington. According to the Public and Commercial Service union (PCS), the redundancies are blamed on cuts in UK government funding. The company said the job losses were needed to deliver a better quality of service in the future. Management are now entering a period of consultation with staff and the PCS, and they anticipate that the majority of the redundancies will be through voluntary means.


  • 28 January 2010: BBC News


Eurofound (2010), Student Loan Company (SLC), Internal restructuring in United Kingdom, factsheet number 70129, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70129.