The Peterborough Evening Telegraph
BGL owners: ‘Too early to say if any job cuts in long term’
The chief executive of the new owners of Peterboroughbased BGL Insurance has said it was too early to say whether there will be any redundancies in the longer term.
It comes after the purchase of the insurance giant, based in Bakewell Road, which employs about 1,700 staff, by the Markerstudy Group, secured regulatory approval.
Now the firm’s new bosses say work has started to ensure a seamless integration of BGL Insurance with its new parent company.
In a statement, Kevin Spencer, chief executive of the Marker study Group, said it was ‘too early to say whether there will be any redundancies in the longer term’.
He said the focus was on the ‘challenging agenda’ for the rest of the financial year and that attention would ‘remain firmly on the day job.’
The company has also vowed to keep the BGL Insurance brand and says there are no anticipated changes to its three locations of Peterborough, Sunderland and Wakefield. Mr Spencer said: “I am delighted that we have now completed on the purchase of BGL Insurance.
"This is an auspicious event in our history as we warmly welcome 1,700 new colleagues to our group. Our partnership creates a business with more than six million customers and our complementary skills will enhance our customer proposition and create significant growth potential."
He said that the leadership teams of both businesses will now be working closely together to identify synergies and prepare for integration, opening the doors for new opportunities for colleagues to develop their careers.