Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
65.1 - Insurance

268 jobs
Number of planned job losses
Job loss
Announcement Date
22 February 2018
Employment effect (start)
Foreseen end date

Description

Swinton Insurance has announced 268 job cuts as part of plans to close 40 branches. The business has confirmed that the job cuts are being made in response to greater levels of transactions being performed online. The cuts will mean that Swinton will have 59 branches remaining. Jobs which are set to be lost include district managers, customer service managers and customer service assistants. Swinton has yet to confirm which branches will close. The decision is being reported as a surprise, given the business cut 900 jobs during 2017.


Sources

  • 22 February 2018: Manchester Evening News
  • 22 February 2018: Leicester Mercury

Citation

Eurofound (2018), Swinton Insurance, Internal restructuring in United Kingdom, factsheet number 93644, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93644.