Internal restructuring
United Kingdom
North West; Greater Manchester;
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
65.1 - Insurance

176 jobs
Number of planned job losses
Job loss
Announcement Date
12 January 2017
Employment effect (start)
Foreseen end date


Towergate insurance brokers have confirmed their intention to close a small business unit (SBU) of its operations in Manchester. The move, which follows a fall in revenue, will affect 176 staff who have been placed at risk of redundancy and a statutory 45 day consultation period has started. Other parts of the business which operate from the same premises will not be affected and the company has stressed that these other parts of the business will continue to do business as normal. Towergate has stated that, wherever possible, it will seek to place affected employees into other parts of its business.


  • 12 January 2017: Insurance Age


Eurofound (2017), Towergate, Internal restructuring in United Kingdom, factsheet number 89793, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89793.