Independent Insurance to axe 1,000 jobs

More than 1,000 jobs are to be axed after insurer
Independent Insurance went into liquidation.

PricewaterhouseCoopers, the provisional liquidators for the
firm, said the 1,044 jobs will go immediately.

Areas affected by the job cuts are sales, marketing and the
underwriting of new business, said PwC.

The majority of the redundancies will be made from the
group’s centre in Cheadle, Cheshire where 377 staff will lose their jobs.

The other major jobs losses are in London, where 157
redundancies will go and 165 jobs in Edenbridge, Kent. 

The remaining redundancies will be spread across the
insurer’s operations.

Mark Batten of PwC said, “Regrettably, we have had to make
staff redundant in those areas of the company concerned with writing new
business.  We are however very pleased
with the response from a number of leading insurers who have expressed strong
interest in taking on considerable numbers of staff.”

www.pwc.com

Karen Higginbottom

 

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