Menu
26/04/2006
500 jobs to be axed in Belfast
Around 500 jobs are to be be axed in Belfast as a result of the closure of insurance company Prudential's office in the city.
The insurance firm is also to close offices in Bristol and London, causing a further 200 jobs to be lost while the company transfer work to other sites, such as Craigforth in Scotland, Derby and Mumbai in India.
It is understood that the Bristol office employs 40 people, while the London office, which houses the head office of Egg, the Prudential's Internet bank, employs 120 staff, and will be relocated to other offices in the city.
The site closures are part of a £40m cost-saving programme which was announced in December last year.
The Prudential have said that there will be no compulsory redundancies before the end of the year and the relocation programme will take up to two years to complete.
Prudential chief executive Nick Prettejohn has today said that the redundancies are regrettable and that the company will be consulting with unions and staff organisations to make every effort to ensure that their staff are kept informed and helped through this difficult transition period.
(EF/GB)
The insurance firm is also to close offices in Bristol and London, causing a further 200 jobs to be lost while the company transfer work to other sites, such as Craigforth in Scotland, Derby and Mumbai in India.
It is understood that the Bristol office employs 40 people, while the London office, which houses the head office of Egg, the Prudential's Internet bank, employs 120 staff, and will be relocated to other offices in the city.
The site closures are part of a £40m cost-saving programme which was announced in December last year.
The Prudential have said that there will be no compulsory redundancies before the end of the year and the relocation programme will take up to two years to complete.
Prudential chief executive Nick Prettejohn has today said that the redundancies are regrettable and that the company will be consulting with unions and staff organisations to make every effort to ensure that their staff are kept informed and helped through this difficult transition period.
(EF/GB)
Related Northern Ireland News Stories
Click here for the latest headlines.
09 April 2024
Belfast Harbour Takes Delivery of New £1.5m Pilot Boat Hibernia
Belfast Harbour has this week taken delivery of its newest vessel, the £1.5 million Pilot Boat Hibernia.
Belfast Harbour Takes Delivery of New £1.5m Pilot Boat Hibernia
Belfast Harbour has this week taken delivery of its newest vessel, the £1.5 million Pilot Boat Hibernia.
20 March 2024
Belfast Man Handed Two-Year Stalking Protection Order
The PSNI have welcomed a two-year Stalking Protection Order (SPO) handed down to a 46-year-old Belfast man at Belfast Magistrates Court. The man had been found guilty of stalking and harassing his 50-year-old female ex-partner.
Belfast Man Handed Two-Year Stalking Protection Order
The PSNI have welcomed a two-year Stalking Protection Order (SPO) handed down to a 46-year-old Belfast man at Belfast Magistrates Court. The man had been found guilty of stalking and harassing his 50-year-old female ex-partner.
15 March 2024
Executive Committed To 'Better Shared Future For Everyone'
A key priority for Northern Ireland's newly restored Executive is "delivering a better shared future for everyone", the First Minister and deputy First Minister have told the NI Bureau breakfast event in Washington.
Executive Committed To 'Better Shared Future For Everyone'
A key priority for Northern Ireland's newly restored Executive is "delivering a better shared future for everyone", the First Minister and deputy First Minister have told the NI Bureau breakfast event in Washington.
23 February 2024
One Year On Since Attempted Murder Of DCI John Caldwell
The PSNI will "continue to relentlessly pursue those responsible" for the attempted murder of Detective Chief Inspector John Caldwell, Chief Constable Jon Boutcher has said as he marked the first anniversary of the gun attack.
One Year On Since Attempted Murder Of DCI John Caldwell
The PSNI will "continue to relentlessly pursue those responsible" for the attempted murder of Detective Chief Inspector John Caldwell, Chief Constable Jon Boutcher has said as he marked the first anniversary of the gun attack.
12 February 2024
Dept Of Health Engages In Detailed Discussions With NI Children's Hospice
The Department of Health has been engaged in a week detailed discussions on the current situation at NI Children's Hospice (NICH) , including direct engagement with the Hospice itself. Minister for Health, Robin Swann, has said that it is clear that the financial pressures facing NICH go much deeper than any reduction of Departmental support.
Dept Of Health Engages In Detailed Discussions With NI Children's Hospice
The Department of Health has been engaged in a week detailed discussions on the current situation at NI Children's Hospice (NICH) , including direct engagement with the Hospice itself. Minister for Health, Robin Swann, has said that it is clear that the financial pressures facing NICH go much deeper than any reduction of Departmental support.
-
Northern Ireland WeatherThis Evening and Tonight:Dry in the southeast at first otherwise widespread light rain or drizzle for most. It will turn mostly dry towards dawn, although a few patches of light rain or drizzle continuing, mainly in the southwest. Minimum temperature 5 °C.
