Markerstudy confirms redundancy plans

The privately-owned Markerstudy Group has confirmed it is to start consultations with staff over redundancies in the wake of the impact of the coronavirus pandemic.

The motor and complementary services focused group includes insurance brands Markerstudy, Zenith, Insurance Factory, Auto Windscreens and Visiontrak. It employs around 3000 staff in locations across the UK. The company has not said how many redundancies are being sought, or in which parts of the business they would be.

Markerstudy commented in a statement: “Within a matter of weeks COVID-19 had made a huge impact on our organisation, which includes leisure and hospitality in addition to insurance and associated businesses.

“Markerstudy sought support from the Government’s Coronavirus Job Retention Scheme, allowing us to retain employees at that time who would otherwise potentially have been at risk.

“Markerstudy has worked with staff to try and minimise, insofar as possible, the significant impact of the Coronavirus pandemic on every area of our business, but despite all our efforts, it has continued to impact our group resulting in changes to our business models and the necessity to embark on a redundancy consultation exercise.

“Sadly, Markerstudy has not been alone in having to consider all available options and take immediate action. As we have now announced the proposal for a redundancy programme with employees, it is not appropriate for us to comment further.”

    Share Story:

Recent Stories