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 - Insurance, reinsurance and pension funding, except compulsory social security
200 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91512.
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