Kwik-Fit Financial Services could axe 170 jobs

Kwik-Fit Financial Services (KFFS) is consulting staff on plans to consolidate its insurance business onto one site, which could result in the loss of up to 170 jobs.

Currently KFFS operates two centres, one near Glasgow and a smaller operation in Great Barr, Birmingham.

The proposal is to close the Birmingham centre and start relocating to the Glasgow base after the 90-day consultation period which would result to the loss of up to 170 jobs in Birmingham.

KFFS said despite being a difficult recommendation to make, having to two separate sites was not sustainable in the long-term and reducing operating costs would position the intermediary better for future growth.

During the consultation period, which starts today, a series of options will be presented to employees including some opportunities with KFFS parent company Ageas in their Stoke and Gloucester operations. 

KFFS will also look at redeployment opportunities, with local employers and recruitment agencies will be invited to the Great Barr office to host open days for employees. 

In addition, all staff will be offered recruitment workshops covering key skills such as interview techniques and CV writing. 

KFFS managing director June Lynch said: “This consultation period will allow us to consider a proposal to consolidate our business onto one site.  We realise this is a difficult and uncertain time for those impacted and, should a regrettable loss of jobs become a reality, we will do our utmost to ensure our colleagues in Birmingham are able to find alternative employment.”