Nearly half those at risk could stay at the company

Nearly half the people at risk of redundancy at Towergate Underwriting have been offered other jobs at the company.

At the end of the consultation, which finished last week, 56 employees were at risk of redundancy. Of those, 28 applied for other jobs, of which 25 received offers.

If everybody takes the role offered to them, 31 people will be made redundant.

A Towergate spokeswoman said the broker would continue to seek alternative employment for all those who hadn’t been successful.

Towergate announced the redundancies as part of the merger of its bespoke underwriting arm with Fusion. The broker plans to merge its sports and leisure business with its entertainment business and move its construction and liability business from its Stokesley office,which will close. The final business will be called Fusion.

It had told staff that 69 roles were at risk of redundancy in a consultation which began on 30 June, but the number subsequently reduced to 56 because three people departed for other companies and others moved internally.

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