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 Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, reinsurance and pension funding, except compulsory social security
500 jobs Number of planned job creations
Announcement Date
6 November 2014
Employment effect (start)
Foreseen end date
Description
Insurance company Admiral is reported to be about to take on 500 more employees at its new site in Newport, South Wales. The site was officially opened in November 2014 and currently employs between 650 and 670 staff. A company spokesperson commented that the offices had space for approximately 1,200 employees. The spokesperson also commented on the attributes desired in applicants - focusing on 'good attitide' and being 'eager to learn'. As part of the expansion new management roles will be required. The company will seek to promiote existing staff into these roles. It is not known when the new positions will be filled.
Sources
6 November 2014: Insider Media
Citation
Eurofound (2014), Admiral, Business expansion in United Kingdom, factsheet number 77908, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77908.
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