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
150 jobs Number of planned job losses
Announcement Date
1 February 2017
Employment effect (start)
Foreseen end date
Description
Allianz UK insurance brokers has announced that 150 jobs are at risk of redundancy and that it has begun statutory consultation proceedings with the Unite trade union. It is planning to consolidate accidental claims work at its site in Birmingham; work on claims will no longer be undertaken at the Bristol office. Commercial property claims will be handled in Milton Keynes, rather than in Birmingham. As yet the timeframe for the job losses is unknown, though this will be determined through the consultation process.
Sources
1 February 2017: Insurance Business Magazine Website
Citation
Eurofound (2017), Allianz, Relocation in United Kingdom, factsheet number 90175, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90175.
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