Internal restructuring
United Kingdom
Location of affected unit(s)
Bradford and other
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

340 jobs
Number of planned job losses
Job loss
Announcement Date
20 November 2013
Employment effect (start)
Foreseen end date


Financial services provider Provident Financial announced 340 job cuts in its home credit business. This includes 262 management and clerk positions.

In total, 78 jobs are to be lost at the company’s head office in Bradford, West Yorkshire, and 262 from its field based offices throughout the UK. This amounts to a reduction of staff in the home credit business by 12%.

The company, which typically lends money using door to door selling techniques, says that the move follows a drop in revenues as household incomes are squeezed.

Earlier this year, Provident Financial had already announced the cut of 130, mostly managerial, positions.


  • 20 November 2013: BBC Website
  • 20 November 2013: Yorkshire Post


Eurofound (2013), Provident Financial, Internal restructuring in United Kingdom, factsheet number 76214, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76214.