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Central Trust to shed up to 180 jobs

Finance broker Central Trust is restructuring the business, resulting in the loss of up to 180 jobs.

The firm, which employs over 500 people, has its head office in Norwich in Norfolk and also operates from Watford in Hertfordshire and Redditch in Worcestershire.

The restructuring means up to 90 jobs may be affected in each of the Norwich and Watford sites.

Andrew Turner,executive chairman, says: “Essentially we help our customers source finance. There is now much reduced funding for lending so we have to consider matching the size of our business to the market. When the markets reopen we expect to be able to recruit again.

“We will be working hard during the consultation process to minimise the number of job losses.”

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