LIFE insurance giant Prudential is to transfer nearly 2,000 UK jobs as part of a major shake-up, the firm announced today.
A total of 1,750 employees based in Reading and Stirling will transfer to outsourcing firm Capita. Some 1,250 staff based in Mumbai, India, who service the UK market, will also transfer to Capita .
The announcement comes after an eight-month review by Prudential management. It began in March this year as bosses warned they wanted to save £195m a year within three years to help the under-performing UK arm.
Nick Prettejohn, chief executive of Prudential UK, said: “After detailed analysis of a number of options, it was clear that Capita best enables us to deliver continued high levels of customer service while providing ongoing certainty over costs.
“They are a partner with a proven record of high standards of service for customers and advisers.”
