A round-up of jobs that have been cut this year

Axe icon

Kwik-Fit Financial Services (KFFS) has become the latest company to announce planned job cuts, yesterday launching a consultation with staff on plans to consolidate its insurance business onto its main Glasgow site, which could result in the loss of up to 170 positions.

The number of insurers that have been scaling back their operations has increased incrementally since the turn of the year as the recession bites and demand in certain lines declines. We look at where the axe has fallen on more than 1,100 jobs so far this year …

  • Last week, HomeServe unveiled plans to reduce the size of its core UK business, with the loss of 250 jobs from its Walsall site.
  • Earlier this month, Aviva announced that up to 10 jobs could go at its engineering division in Southend as part of a restructuring of its construction, power and engineering business.
  • Zurich also announced last month that it was planning to cut almost 400 jobs by the end of 2014 as part of the relaunch of its UK personal lines broker proposition. The operational changes will affect 163 staff in customer services and claims in Whiteley, Hampshire, 113 in Cardiff, 39 in Glasgow, 14 in Farnborough and 13 in Leeds. The insurer will also trim 51 positions in the personal lines claims team in Pune, India, before the end of this year.
  • In February, Chartis Insurance UK announced up to 130 job cuts in the face of tough market conditions.
  • In the same month, RSA announced 120 planned job cuts, while in March Lloyds Banking Group said seven jobs would go at its insurance unit.
  • Also in February, Autoglass revealed it would close its 36-staff call centre, cut jobs at its head office, and axe an estimated 16 out of its 101 branches, resulting in a large number of redundancies.