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Stirling and Reading to outsource jobs to India

About 60 people working for insurance giant Prudential's finance department could lose their jobs over the next two years.

india Updated: Mar 07, 2006 19:39 IST
Nabanita Sircar
Nabanita Sircar

About 60 people working for insurance giant Prudential's finance department in Stirling could lose their jobs to India over the next two years.

The company announced on Monday that, as a result of a reorganisation at Stirling and Reading, up to 80 UK jobs could go to India.

A company spokesman said, "It is hoped that many of the roles will be removed through a combination of not filling current vacancies, retirement, internal transfers and people voluntarily leaving the business. It is anticipated that there will be a number of compulsory redundancies but it is impossible to put a likely number on this at present."

Prudential, which has its largest UK site at Craigforth on the outskirts of the town, employs about 2,334 people there. It already has more than 1,000 staff at its operation in Mumbai.

Paul Sherrif, Prudential UK's acting finance director, added, "It's always very difficult to deliver such news. But by giving as much advance notice as we can, I hope that people will appreciate that we are being as open and honest with them as possible.

"It does mean that we aren't able to give everybody a detailed breakdown of how this proposal affects them today, but we have laid out a clear timetable when we believe we will be able to fill in the gaps. It is important to recognise that this announcement in no way dilutes our commitment to be a major employer in the Stirling area."

Union chiefs were not happy with the news. Amicus national officer David Fleming said, "We are concerned that further jobs may be moved offshore by the Prudential. It is becoming increasingly clear that no role or job is safe from offshoring and this despite growing evidence of a crisis in the Indian call centre and back-office industry."

Prudential has said it will be at least four months before any redundancy notices are issued.

First Published: Mar 07, 2006 19:39 IST