ReAssure

Type
Closure
Country
United Kingdom
Region
North West (England); Lancashire; Mid Lancashire
Location of affected unit(s)
Fylde
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
200 jobs
Number of planned job losses
Job loss
Announcement Date
4 July 2017
Employment effect (start)
1 September 2017
Foreseen end date

Description

Insurance company ReAssure has announced plans to close its offices in Fylde, near Blackpool. The site employs 200 workers and it is expected that all will be made redundant; opportunities for redeployment within the group are likely to be limited. A spokesperson for the Unite union and the local member of Parliament both urged the company to reconsider and stressed the importance of the jobs for the local economy. The first cuts are expected to begin in September 2017 and the site is expected to close sometime in early 2018.

Sources

  • 4 July 2017: Blackpool Gazette

Citation

Eurofound (2017), ReAssure, Closure in United Kingdom, factsheet number 91512, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91512.