The company has already furloughed more than 1,000 employees, as well as asked staff to take a 20% pay cut and give up sick pay
Markerstudy Group is to make 478 staff redundant across its business operations in response to the “huge impact” of the Covid-19 pandemic. Staff were told verbally about the redundancies on 27 May; this was shortly followed by written internal communications.
We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.
Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:
Stay on top of the insurance game with our subscription! Get unlimited access to over 80,000 articles, in-depth analysis, exclusive reports by industry experts, and our Five-Star rating system to compare companies and find the best fit for your business needs - view subscription options.