Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
65.1 - Insurance

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

Description

Insurance company Willis has announced plans to make a further 350 job cuts from its UK operations. The move was announced to staff on 13 April, and is part of the company's 'project Skyline' restructuring plan which aims to move 3,500 jobs to cheaper alternatives including moving London jobs to Ipswich and also outsourcing some jobs to Mumbai, India. The previous round of redundancies was announced in August 2014. The timescale for the loss of the 350 jobs is not yet known.


Sources

  • 16 April 2015: The Insurance Insider

Citation

Eurofound (2015), Willis, Internal restructuring in United Kingdom, factsheet number 79373, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79373.