In­surance gi­ant Axa clos­ing four NI of­fices with loss of 20 jobs

Belfast Telegraph - Business Telegraph - - Front Page - BY CHAR­LIE WE­STON

MO­TOR in­surer Axa is to close four of its 15 branches in North­ern Ire­land with the loss of 20 jobs, it can be re­vealed.

But the com­pany is also ex­pected to move some op­er­a­tions into the prov­ince as it also closes 14 branches in the Repub­lic, cut­ting staff num­bers by over 100.

Phone ser­vices op­er­ated from branches in the Repub­lic are to moved to Lon­don­derry.

Axa has 15 branches in North­ern Ire­land, from east Belfast to Col­eraine and Magher­afelt. How­ever, it’s not clear which branches will close.

It’s un­der­stood staff will be in­formed about the cut­backs at meet­ings to­day.

The com­pany will seek vol­un­tary re­dun­dan­cies, but the job losses will be com­pul­sory if it does not get the num­bers it wants.

The cut­backs come af­ter three years of heavy hikes in mo­tor pre­mi­ums, with in­sur­ers in­sist­ing they are los­ing money on mo­tor cover.

Axa, whose par­ent com­pany is French, is one of the largest and old­est in­sur­ers in the Ir­ish mar­ket.

It em­ploys 1,200 peo­ple in the Repub­lic and has 42 branches across Ire­land.

Branch net­works have also been cut back by other in­sur­ers as more con­sumer busi­ness moves on­line.

Some of the re­main­ing branches will be down­sized.

In a state­ment, Axa said: “Th­ese changes are about pro­vid­ing the best pos­si­ble ser­vice to our cus­tomers in the way that best suits them. We will con­tinue to have the largest branch net­work in the in­dus­try and we will also strengthen our tele­phone and on­line chan­nels to pro­vide all cus­tomers with the best ex­pe­ri­ence.”

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