Life insurance company to outsource jobs

Wed, 28 Nov 2007

The life insurance company Prudential are going to outsource as many as 2,000 UK jobs as part of a major restructuring initiative. The firm has announced that over 1,750 employees in both Reading and Stirling will be transferred to the outsourcing company Capita, whilst another 1,250 staff in India will also transfer to Capita.

The management team of Prudential have conducted an eight-month review of the company, following early indications that they would need to save £195 million a year within a three year period.

The chief executive of Prudential UK, Nick Prettejohn, reportedly commented: "After detailed analysis of a number of potential options, it was clear that Capita best enables us to deliver continued high levels of customer service while providing ongoing certainty over costs. They are a partner with a proven record of high standards of service for customers and advisers, IT delivery and support while also offering the best overall employment solution for our staff."
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