Royal Sun Alliance

Type
Closure
Country
United Kingdom
Region
Northern Ireland; Northern Ireland; Mid and East Antrim
Location of affected unit(s)
Birmingham
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65.1 - Insurance
65.1 - Insurance
190 jobs
Number of planned job losses
Job loss
Announcement Date
28 January 2016
Employment effect (start)
Foreseen end date

Description

Insurance company Royal Sun Alliance has announced plans to close its office in Birmingham with the loss of 190 jobs. The company has operated in the city for more than 30 years. The company has said that it will open a new commercial trading centre in the city and is committed to maintaining its links with Birmingham. As yet, no details have emerged about the number of people who will be employed at the new site. RSA has confirmed that it has entered into the process of statutory consultation on the 190 job losses and has stated that it will look to redeploy staff wherever possible. 

Sources

  • 28 January 2016: BBC Website
  • 28 January 2016: Birmingham Post

Citation

Eurofound (2016), Royal Sun Alliance, Closure in United Kingdom, factsheet number 86356, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86356.