Menu
19/06/2006
Royal & Sun Alliance to cut 1,550 jobs
Insurance firm Royal & Sun Alliance has announced plans to cut 1,550 jobs by June 2008, including 1,000 in the UK.
The job cuts are part of plans to save around £130 million across the group by 2008.
R&SA External Communications Manager Jon Sellors said: "We have set out some pretty ambitious growth targets and key to that is going to be reducing our expenses to make us easier for people to do business with."
Mr Sellors said that it was too early to say where the jobs would be going and said that the firm would be talking with unions about the matter.
He added that over half the jobs are expected to go through natural staff turnover.
Andy Haste, Group CEO of R&SA, said: "We have a clear strategy of running general insurance businesses with strong market positions to deliver sustainable profitable performance.
"The decision to reduce headcount is always a difficult one, but necessary to ensure we remain as competitive as possible and to continue to deliver on our objective of sustainable profitable performance."
(KMcA/SP)
The job cuts are part of plans to save around £130 million across the group by 2008.
R&SA External Communications Manager Jon Sellors said: "We have set out some pretty ambitious growth targets and key to that is going to be reducing our expenses to make us easier for people to do business with."
Mr Sellors said that it was too early to say where the jobs would be going and said that the firm would be talking with unions about the matter.
He added that over half the jobs are expected to go through natural staff turnover.
Andy Haste, Group CEO of R&SA, said: "We have a clear strategy of running general insurance businesses with strong market positions to deliver sustainable profitable performance.
"The decision to reduce headcount is always a difficult one, but necessary to ensure we remain as competitive as possible and to continue to deliver on our objective of sustainable profitable performance."
(KMcA/SP)
Related UK National News Stories
Click here for the latest headlines.
03 November 2015
Weir Group To Cut 400 Overseas Jobs
Glasgow-based engineering company Weir Group has announced it is to cut 400 jobs overseas. The firm said it expected trading conditions in the fourth quarter to be challenging due to declines in upstream oil, gas activity and lower mineral prices.
Weir Group To Cut 400 Overseas Jobs
Glasgow-based engineering company Weir Group has announced it is to cut 400 jobs overseas. The firm said it expected trading conditions in the fourth quarter to be challenging due to declines in upstream oil, gas activity and lower mineral prices.
26 June 2013
Direct Line To Cut 2,000 Jobs
Insurance firm Direct Line has said it is to cut up to 2,000 jobs. The move comes as the company continues its plans to cut costs. According to Direct Line, a majority of the job losses will come from head office and support functions, but stressed it would try to redeploy those affected where possible.
Direct Line To Cut 2,000 Jobs
Insurance firm Direct Line has said it is to cut up to 2,000 jobs. The move comes as the company continues its plans to cut costs. According to Direct Line, a majority of the job losses will come from head office and support functions, but stressed it would try to redeploy those affected where possible.
27 October 2003
Cadbury to cut 10% of its workforce
Up to 5,500 jobs are to go at Cadbury Schweppes as part of a restructuring plan which the company has described as a programme of "ambitious cost reduction and growth initiatives". As part of the 'Fuel for Growth' scheme, the company will seek cuts of £400 million a year by 2007.
Cadbury to cut 10% of its workforce
Up to 5,500 jobs are to go at Cadbury Schweppes as part of a restructuring plan which the company has described as a programme of "ambitious cost reduction and growth initiatives". As part of the 'Fuel for Growth' scheme, the company will seek cuts of £400 million a year by 2007.
10 October 2014
Severn Trent Water To Cut 500 Jobs
Severn Trent Water in Coventry have announced it is to cut 500 jobs. The company said that following the merger of its sewerage and water supply divisions it is reducing its management and support departments.
Severn Trent Water To Cut 500 Jobs
Severn Trent Water in Coventry have announced it is to cut 500 jobs. The company said that following the merger of its sewerage and water supply divisions it is reducing its management and support departments.
14 May 2010
George Awarded Damages Over 'Obsession'
The man cleared of murdering TV presenter Jill Dando after spending seven years in jail has won damages over newspaper claims. Barry George brought the case over claims that he was obsessed with singer Cheryl Cole and newsreader Kay Burley. The claims were made in the Sunday Mirror, the People and on the Daily Mirror website in 2008.
George Awarded Damages Over 'Obsession'
The man cleared of murdering TV presenter Jill Dando after spending seven years in jail has won damages over newspaper claims. Barry George brought the case over claims that he was obsessed with singer Cheryl Cole and newsreader Kay Burley. The claims were made in the Sunday Mirror, the People and on the Daily Mirror website in 2008.
-
Northern Ireland WeatherThis Evening and Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
