Legal and General to shed 600 jobs

One of Brighton and Hove’s biggest employers is preparing to shed 600 jobs.

Insurance company Legal and General aims to lay off about 10 per cent of the 6,000 staff in a division that has offices in Hove.

The company carried out a restructuring in July to create the Legal and General Assurance Society by merging its life and savings and annuities and protection divisions.

The new division is based in the City Park offices by Hove Park in Hove as well as in Kingswood in south London and in Birmingham and Cardiff.

The company has not yet said exactly where the jobs will be lost but is holding talks with the Unite trade union about the redundancies.

It said that it had started a formal consultation with employee representatives and Unite over potential redundancies.

It added: “We aim to keep redundancies down to a minimum and provide redeployment in L&G where possible.

“The potential redundancies are a result of combining and restructuring the business units in the new division.”

Staff were told about the redundancy proposals this morning (Monday 14 October) as part of a two-stage consultation process.

The second stage consists of one-to-one meetings over the next few days.