RSA (Royal Sun Alliance) Job Losses

RSA Job Cuts. 1200 Royal Sun Alliance Job Losses Announced

The Financial Services sector was hit with another devasting blow today with the announcement that RSA ( Royal Sun Alliance) shall shed 1200 UK Insurance Jobs by the middle of next year.

RSA announced a target of saving £70 million in the UK, mainly through the job cuts - which will account for around 14% of its 8,800-strong UK workforce.

The news comes comes despite RSA declaring a profit before tax of £759m, up 13% in the calendar year 2008.

RSA chief executive Adrian Brown said: "I see exciting opportunities to continue to build and grow RSA. But key to this will be reducing our costs. The healthier our expense base is, the more competitively-priced our products and services become.

"Decisions like these that affect our people are always difficult, but it is the right thing for our customers and our business. Every support will be given to our colleagues to assist them finding new roles, either within the business or with other companies."

Updated: 1500  RSA Job Losses  are being quoted now with a least a 1000 Royal and Sun Alliance Job cuts in the UK

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Posted by Staff Writer Insurance Jobs Board 10.00am 26th Feb 2009

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