Towergate jobs at risk as firm restructures

Towergate Insurance, an independent insurance intermediary in the UK, has said that it plans to restructure a number of central finance processing teams resulting in 133 employees being placed at risk of redundancy.

The employees at risk of being made redundant are currently supporting Towergate’s manual data reconciliation and analytics based in its Leeds Airport West and Maidstone offices.

A phased programme, beginning in January 2017, continues to focus on creating a finance function doing the right work in the right places and on building a sustainable, fit for future backbone to a transforming business, the company explained.

The proposal is subject to a collective consultation process of 45 days, to be followed by individual consultation meetings lasting 15 days, during which time the business is fully committed to mitigate the need for redundancy through redeployment opportunities across the group and our wider collection of sister companies.

“We will now focus on making every effort to ensure that staff affected by this proposal are given all the support they need during this time of uncertainty,” Towergate said in a statement.

“We will not be sharing any further information at this time as we focus all our efforts on supporting those in receipt of this news today."

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