Provident Financial

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
170 jobs
Number of planned job losses
Job loss
Announcement Date
5 June 2013
Employment effect (start)
Foreseen end date

Description

Financial services organisation Provident Financial has announced that it is to cut 170 jobs. The company blamed the job cuts on a drop in demand. The majority of roles affected are low level management positions. 

Sources

  • 5 June 2013: Insider News

Citation

Eurofound (2013), Provident Financial, Internal restructuring in United Kingdom, factsheet number 75501, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75501.