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Openwork puts 20 staff at risk of redundancy

Openwork has placed 20 of its staff at risk of redundancy as it looks to reduce costs ahead of the Retail Distribution Review.

A spokesman for Openwork, says: “As part of our ongoing efforts to reduce our operating costs in preparation for the introduction of the RDR, we have regrettably had to put at risk a small number of roles, primarily in our support centre.

“We are currently in a 30-day consultation period after which we will serve notices of redundancies. While it is always unfortunate to have to reduce staff numbers, it is crucial that the business is able to operate as efficiently and cost-effectively as possible in an increasingly challenging market and regulatory environment.”





Innovation needed to stay in the game

The Mortgage Business Expo this month was buzzing and not just because Manchester United is celebrating its 19th premiership title. It doesn’t matter if you a Manchester United fan or not, you have to admire the consistency and resilience of a club to deliver such results. When the chips are down, particularly with all the […]

Moody’s has 14 lenders in downgrade review

Moody’s has 14 lenders in downgrade review Moody’s has put 14 banks and building societies under review for a possible downgrade. The list includes Lloyds TSB, Santander UK and the Royal Bank of Scotland.

Life cover for life

Jennifer Gilchrist Proposition Lead – Design, Royal London When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that way because before the arrival of RDR in 2013, that’s more […]


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  • Anon 21st June 2012 at 2:08 pm

    For a comapny supposedly doing so well, hmmmm this is cobblers. £7m to save by the end off the year…are they making all support staff redundant?

    When will Zurich get bored of this loss making toy?