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Thursday
Nov112010

AEGON Withdraws Further from UK Business Scene

In the current economic climate it is unfortunately never a surprise to learn of various job losses when they happen. But when the job losses in question come from a well known company it is always disappointing to see them.

The latest example I have found comes from a company called AEGON. They have several businesses under their umbrella and they are now closing two of them in the UK. This will result in the loss of ninety jobs in all.

According to the reports I have read, the two businesses they are going to lose are not part of the core interests the company currently has. This will no doubt come as small comfort to those who are among the ninety job losses. With the job market far from buoyant at the moment, they may find it difficult in some cases to go straight into another position elsewhere.

The company has already made changes that have led to other job losses in the past. From what I have read it would seem as if these are not the last of the job losses either. Other managers could be in jeopardy in the coming months as AEGON makes further changes to restructure and streamline its business.

I will be looking closely to see where and when these next job losses are likely to occur. Anyone working with AEGON at the moment would understandably feel rather fragile with all the changes that have been – and still are – taking place.

If you find yourself in a similar position and you wish to discuss potential changes to your tax situation, contact us now at St Matthew for further confidential advice.

 

 

 



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