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.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
222 jobs Number of planned job losses
Announcement Date
8 August 2011
Employment effect (start)
31 December 2011
Foreseen end date
Description
Royal London has announced 222 redundancies and the closure of its Liverpool office after deciding to integrate operations into the Wilmslow office. However, new posts will be created in Wilmslow and London, and a process has been put in place to enable Liverpool-based employees to apply for these posts on a "preferred candidate" basis.
Sources
8 August 2011: Mortgage Introducer
Citation
Eurofound (2011), Royal London, Internal restructuring in United Kingdom, factsheet number 72522, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72522.
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