Norwich Union slashes 900 jobs

Professional Adviser
clock

Norwich Union is to cut 900 jobs across the UK and around 600 of these will be compulsory, officials...

Norwich Union is to cut 900 jobs across the UK and around 600 of these will be compulsory, officials at the life insurer have announced. Over 600 people will be made redundant at the company's general insurance business - with 300 of them at NU's headquarters in Norwich. Two hundred and eighty job losses are also expected near Manchester as the company will close its life and pension administration division in Cheadle by the end of March 2004. Approximately 600 of these cuts will be compulsory - including half of the job losses in the general insurance business as well...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •