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Trade union slams Co-op Insurance for 'betrayal' in selling to Markerstudy

By 2020-08-05T08:42:00

job cuts

The proposed sale of Co-op Insurance is expected to result in 200 job losses

Trade union Unite, which represents Co-op Group employees, is outraged at the firm’s decision to sell its Co-op Insurance arm to Markerstudy, describing the proposed sale as “a betrayal of the ethical philosophy and principles of the Co-operative movement”.

Unite stated that the sale will result in around 200 job losses, while the remaining 800 Co-op Insurance staff members will lose their independent union representation upon joining Markerstudy, as the firm has said it will not engage with the union.

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