Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Walsall, Banbury, Preston
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.99 - Other financial service activities, except insurance and pension funding n.e.c.

300 jobs
Number of planned job losses
Job loss
Announcement Date
22 March 2013
Employment effect (start)
22 March 2013
Foreseen end date

Description

HomeServe, a household emergency insurance company is to cut 300 jobs across the UK. 162 jobs will go at its base in Walsall, 20 in Banbury and the rest in Preston. The job losses are blamed on declining numbers of customers and company efforts to maintain the competitiveness of the business. 


Sources

  • 22 March 2013: BBC News

Citation

Eurofound (2013), HomeServe, Internal restructuring in United Kingdom, factsheet number 75194, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75194.