Internal restructuring
United Kingdom
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.92 - Other credit granting

493 jobs
Number of planned job losses
Job loss
Announcement Date
2 April 2015
Employment effect (start)
Foreseen end date


Lending company Provident has announced plans to cut 493 jobs. The company which has its headquarters in Yorkshire has said that the job losses will be spread over offices across the country. The job roles at risk include administrative clerks and their managers, and front-line managers. The job losses are a result of a new technology which has allowed the company to move from paper-based systems. The jobs are currently under consultation and the final number of redundancies will be confirmed when this has concluded.


  • 2 April 2015: Insider Media


Eurofound (2015), Provident, Internal restructuring in United Kingdom, factsheet number 79361, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79361.