Thursday, March 29, 2007
Prudential Insurance cost-cutting threatens 3,000 UK jobs
Prudential Insurance cost-cutting threatens 3,000 UK jobs
15 Mar 2007
Prudential has today announced a 15 per cent profit increase, announcing plans to cut its costs further in moves which could affect around 3,000 jobs in the UK.
The insurance company said that the targets will be achieved through a combination of internal cost-cutting and an expansion of its offshore and outsourcing operations, with around 3,000 customer service and other jobs in the UK expected to be affected by the plans.
Read the full news report from here @ In the News, UK
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
15 Mar 2007
Prudential has today announced a 15 per cent profit increase, announcing plans to cut its costs further in moves which could affect around 3,000 jobs in the UK.
The insurance company said that the targets will be achieved through a combination of internal cost-cutting and an expansion of its offshore and outsourcing operations, with around 3,000 customer service and other jobs in the UK expected to be affected by the plans.
Read the full news report from here @ In the News, UK
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
Labels: costs, finance-offshore, finance-uk, insurance, insurance-europe, insurance-offshore, insurance-uk, uk
PermaLink - Prudential Insurance cost-cutting threatens 3,000 UK jobs posted by Ecacofonix : 4:25 AM
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Sunday, March 11, 2007
Prudential to cut up to 3,000 jobs in UK, might outsource
Prudential may cut up to 3,000 jobs in UK - report
AFX News Limited, 11 Mar 2007
LONDON (AFX) - Insurer Prudential PLC may cut up to 3,000 jobs in its UK business as part of plans to restructure the division, according to a report.
The group believes it can make huge savings by outsourcing the jobs of staff involved in running the back office operations of its UK closed funds to its Indian operation in Mumbai, the Sunday Times reported.
Read the full story from Forbes
BlogOut provides regular, global outsourcing updates for all industries & business functions, in hundreds of categories. See BlogOut Directory for the complete list of categories
AFX News Limited, 11 Mar 2007
LONDON (AFX) - Insurer Prudential PLC may cut up to 3,000 jobs in its UK business as part of plans to restructure the division, according to a report.
The group believes it can make huge savings by outsourcing the jobs of staff involved in running the back office operations of its UK closed funds to its Indian operation in Mumbai, the Sunday Times reported.
Read the full story from Forbes
BlogOut provides regular, global outsourcing updates for all industries & business functions, in hundreds of categories. See BlogOut Directory for the complete list of categories
Labels: back-office, back-office-insurance, back-office-uk, india, insurance, insurance-europe, insurance-india, insurance-uk, offshore
PermaLink - Prudential to cut up to 3,000 jobs in UK, might outsource posted by Ecacofonix : 10:35 AM
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Thursday, March 8, 2007
UK Insurer Norwich Union Signs Admin Outsourcing Deal to Rationalise Systems
Norwich Union signs admin outsourcing deal in move to rationalise systems
Mar 07, 2007
Norwich Union Life has signed an agreement to outsource the administration of almost 3m life and pension policies to Swiss Re. The UK insurer will start the decommissioning of 220 of its 550 product systems in October 2007. The outsourcing deal will see 1,000 Norwich Union staff transferred to Swiss Re, but customers, policies and funds will still be managed by Norwich Union.
More details here from Computer World UK
BlogOut provides regular, global outsourcing updates for all industries & business functions, in hundreds of categories. See BlogOut Directory for the complete list of categories
Mar 07, 2007
Norwich Union Life has signed an agreement to outsource the administration of almost 3m life and pension policies to Swiss Re. The UK insurer will start the decommissioning of 220 of its 550 product systems in October 2007. The outsourcing deal will see 1,000 Norwich Union staff transferred to Swiss Re, but customers, policies and funds will still be managed by Norwich Union.
More details here from Computer World UK
BlogOut provides regular, global outsourcing updates for all industries & business functions, in hundreds of categories. See BlogOut Directory for the complete list of categories
Labels: administration-insurance, finance, finance-europe, finance-uk, insurance, insurance-europe, insurance-uk, it-finance, it-finance-europe, it-finance-uk, it-insurance, it-insurance-uk, uk
PermaLink - UK Insurer Norwich Union Signs Admin Outsourcing Deal to Rationalise Systems posted by Ecacofonix : 7:30 PM
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