Deal saves 1,100 insurance jobs

19-10-2005

Hundreds of insurance jobs are secured at Pearl in Peterborough as plans to outsource its administration to a software services firm are finalised. All staff will remain in the Pearl building, although the majority will be employed by Indian software firm Tata.

The deal means 950 of Pearl's 1100 staff will be employed by Tata with the remaining 150 staying with Pearl.

Tata will do most of the administrative work for Pearl's four million life insurance and pension policies.

'Centre of excellence'

Tata Consultancy Services has declared a commitment to building "a centre of excellence" in Peterborough, Cambs, from which it can develop its business further in the UK.

A spokesperson for the Pearl Group said the plans are good news for their employees.

All staff will have a job either in the new business or within Pearl, and everyone will remain in the Pearl building in Peterborough, said a statement from Pearl.

Tata Consultancy Services is India's largest software services firm.

BBC News

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Automotive
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
Health / Beauty
Hotel / Catering / Restaurants
HR / Recruitment
Insurance / Pensions
International / Overseas
IT / Internet
Legal
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Telecommunications
Transport / Logistics
Travel / Tourism / Leisure