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Jobs threat as RSA announces closure plan

RSA, formerly known as the Royal and Sun Alliance and which owns the MORE TH>N brand, will shut its existing base in Colmore Row following a review of its organisational structure.

An RSA spokesman said: "Following an overview into our organisational structure and geographical footprint, we now have concluded we might be working a lot more effectively and efficiently oakley sunglasses wholesale if teams doing the usual work, or dedicated to the same forms of customers, are found together.

"This means we are closing our existing office in Birmingham and replacing it with a brand new commercial trading site that may continue to serve our local partners.

"We remain absolutely committed oakley sunglasses cheap to maintaining a name in the city. We anticipate to open our new trading site in September.

"Unfortunately, a lot of employees will likely be impacted by these changes and we will be working closely using them over the next several months and will look to redeploy our people whenever you can."

There was fears over job losses last summer when rival firm Zurich announced that it wanted to takeover RSA inside a billion deal.

However, the Swiss insurer removed oakley sunglasses cheap 90% off of negotiations unexpectedly in September, sending RSA shares tumbling.

RSA currently operates out of 13 cities in the UK, employing greater than 7,000 staff.

Birmingham Chamber of Commerce spokesman John Lamb said: "It is always a pity when the city sees firms leave nevertheless it sounds like the RSA does want to remain in Birmingham.

"The trend is usually the other way round with additional companies attempting to move in.

"We've had HSBC announcing they will be moving in, bringing a large number of jobs, as well as Deutsche Bank from the city.

"We feel that Birmingham is quite attractive to businesses, both established and new. We'll await the exact details of what the RSA plans to do when it is ready to announce them."

A year ago, HSBC announced which it would be moving its UK personal and business bank to Birmingham in the largest inward investment offer a generation.

The lending company is likely to have 2,500 employees in place at its new headquarters at 2 Arena Central by early 2018.

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