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 65.1 - Insurance
190 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86356.
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