Business leaders are concerned that ReAssure's announcement of 450 redundancies will have a 'major impact' on the local community.
Richard Sheehan, chief executive of Shropshire Chamber of Commercefrom pensions and investments firm ReAssure.Mr Sheehan said:"Redundancies on this scale clearly have a major impact on the local business community.
He added: “There is never a good time for news like this, but at least it has come when there are a huge number of vacancies being reported across Shropshire. “Phoenix will be moving circa three million policies from its Alpha platform to the TCS BaNCSTM platform provided by TCS’s UK subsidiary Diligenta, a leading provider of business process services to the life and pensions industry.”
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