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Latest News

Prudential’s Indian opening leads to job cuts in Reading

by Personnel Today 30 Sep 2002
by Personnel Today 30 Sep 2002

The
Prudential is to cut 850 of its UK call centre jobs and transfer the work to
India.

According
to BBC News online, the insurance company is planning to establish an offshore
service centre in Bombay to reduce costs.

As
a result 850 jobs will go at Prudential’s call centre at Reading in Berkshire.

Roger
Lyons, general secretary of the union Amicus, criticised the move.

"The
only reason being given is an 80 per cent saving on wages, but no thought has
been given to customer impact or the devastation this will cause to those
affected,” he said.

The
company predicted the changes will cost £20m by the end of 2004, but said it
expected to make savings of £16m a year by 2006.

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Last
week Prudential announced that it was closing its final salary scheme to new
workers.

By Ben Willmott

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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