Piffer Thread on Political Rantings and Ravings Message Board

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Politics : Piffer Thread on Political Rantings and Ravings

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To: zonder who wrote (12130)	1/14/2004 10:58:14 PM
From: Lazarus_Long	Read Replies (1) of 14610

Your turn: Thousands face jobs axe in India moves Press Association Thursday January 15, 2004 3:13 AM Plans by finance giants Abbey and AXA to cut jobs in the UK and switch work to India has marred new figures showing a fall in unemployment and near-record levels of people in work. Abbey announced that offices in Edinburgh, Warrington and Derby will close and a site in Bradford will be affected, with the loss of 400 jobs. A call centre will be opened in India, while the closure of the Edinburgh office will result in the transfer of 900 jobs at Scottish Provident to the company's Glasgow office. AXA said 220 jobs would go at its general insurance sites in Morecambe in Lancashire and Darlington in County Durham and 250 posts will go through efficiency measures at other offices. Plans to switch work to Bangalore, India, will result in further job losses of up to 230. Union officials warned of a "stampede" of jobs to India and called on the Government to intervene to support the service sector. Boots is expected to announce that up to 1,000 jobs are to be cut from its head office in Nottingham as part of a cost cutting programme. AXA said it would no longer be actively promoting AXA Direct, the division that provides private motor insurance and other personal insurance policies although it will continue to accept new business and service existing customers. The new strategy will have a direct impact on the volume of work in Darlington and Morecambe, leading to 220 job losses over the next nine months. "We very much regret having to reduce the number of people who work with us. However, through natural attrition and re-deployment it is hoped that the need for any redundancies will be minimal," said Peter Hubbard, chief executive of AXA Insurance. Abbey's chief executive officer Luqman Arnold described the changes as "tough business decisions" and a company statement said every effort would be made to redeploy people affected before redundancies were made. guardian.co.uk

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