Royal London plans to close Royal Liver’s Liverpool office putting 222 jobs at risk.
Royal London has proposed to integrate the Liverpool operation into the existing Royal London operation based in Wilmslow. This will result in 222 roles being made redundant at the Liverpool office, with 105 new roles to be created at Wilmslow.
A further seven new roles will be created in the mutual’s asset management business in London.
Liverpool-based employees will be able to apply for these roles on a “preferential candidate” basis.
Royal London group finance director Stephen Shone says:“We have given careful consideration to the proposed changes being announced today, and recognise the implications that an announcement of this nature has for employees.
“We are putting in place a comprehensive package of support for all employees who are affected by the proposed changes, and this will include the availability of specialist outplacement support.”