Allianz announces

Branch structure proposal

Posted: 01 May 2019
Changes in local market dynamics and the need to continually evolve in a highly competitive environment are the key drivers behind Allianz’s proposal to close its offices in Woking and Luton.

Allianz constantly reviews the effectiveness of its business structures and from time to time makes changes driven by the need to compete efficiently and deliver a sustainable service to customers and brokers. The recent office move in Newcastle is an example of the business taking a positive proactive step to meet local demand.

Employees in both offices have been briefed and the business will now enter a 45 day collective consultation process to discuss the proposals. It is anticipated that 49 employees in Woking and 48 employees in Luton will be put at risk of redundancy. However, the proposals also include the creation of 75 new roles across different Allianz locations so redeploying as many people as possible will be a key objective, should these proposals go ahead.

"I cannot stress strongly enough that Allianz remains fully committed to its strategy of providing a quality service to brokers where we are central to a sustainable local market."
Simon McGinn, General Manager, Commercial & Personal, Allianz Insurance plc

Woking also has a small Credit Management Team which will transfer the short distance to be with other finance colleagues in the Guildford Head Office.

Simon McGinn, general manager, Commercial & Personal said:

"These proposals will bring a short period of uncertainty to the people in these locations during which we will do everything we can to support them. This proposal is not in any way a reflection on my colleagues working at Woking and Luton or the business results they have achieved, but is a necessary decision as part of our focus on efficient transformation."

Should the proposal go ahead, the two locations will close on 30 September and the brokers will be serviced by offices in London, Chelmsford, Birmingham, Maidstone and Southampton.

Simon added:

"I cannot stress strongly enough that Allianz remains fully committed to its strategy of providing a quality service to brokers where we are central to a sustainable local market. We have communicated the proposal to brokers and made it clear that should it go ahead, we have robust plans in place to maintain the high levels of service they have come to expect from Allianz."

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