Following a review, MS Amlin to cut expenses, putting a number of UK jobs at risk

MS Amlin is to cut costs in the UK through headcount and other people related costs.

This will put a reported 140 permanent UK roles at risk.

MS Amlin cites heavy losses due to a difficult 2017 as the reason for the cuts in spending.

The company employs around 1,350 people in the UK, which equates the cuts to a reported 10%.

MS Amlin declined to confirm the figure, but have released a statement.

A spokesman for the company said: “MS Amlin is progressing a number of ongoing projects aimed at repositioning the business for a sustainable and profitable long-term future, amidst the continuing challenging market conditions.

“As part of this, following a thorough review and after careful consideration, the Executive Committee has taken the difficult decision to reduce expenses through headcount and other people related costs. As a result, a number of roles will be impacted.”

 

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