Legal and General

Type
Relocation
Country
United Kingdom
Region
South East (England); Surrey, East and West Sussex; Brighton and Hove
Location of affected unit(s)
Hove
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65.1 - Insurance
65.1 - Insurance
150 jobs
Number of planned job losses
Job loss
Announcement Date
9 September 2017
Employment effect (start)
1 January 2018
Foreseen end date

Description

Legal and General Insurance company has announced plans to relocate 150 jobs from its offices in Hove. The department which deals with general insurance will move to Birmingham in January 2018 and affected workers have been told they can choose to relocate, or otherwise they have the opportunity to apply for jobs in other departments at the Hove site, though there is no information about how many such vacancies currently exist. Reports suggest that staff were surprised by the news, given the apparent financial well being of the company. During the last years there has been strike action by the personnel against planned job cuts.

Sources

  • 9 September 2017: The Argus

Citation

Eurofound (2017), Legal and General, Relocation in United Kingdom, factsheet number 92190, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92190.