Royal London plans to close Royal Liver’s Liverpool office, putting 222 jobs at risk.
It wants to integrate the Liverpool operation into the Royal London operation in Wilmslow.
This would result in 222 staff being made redundant at the Liverpool office, with 105 new roles to be created at Wilmslow. A further seven roles would be created in the mutual’s asset management business in London. Liverpool-based employees would be able to apply for these roles on a “preferential candidate” basis.
In May, elected member representatives for Royal Liver voted voted at the society’s AGM in favour of a transfer of the firm’s assets and liabilities to Royal London.
Royal London group finance director Stephen Shone says: “We are putting in place a comprehensive package of support for all employees who are affected by the proposed changes, including the availability of specialist outplacement support.”