RJRB Posted June 22, 2018 Share Posted June 22, 2018 Where does it say job losses? Do you really need this spelling out? Link to comment Share on other sites More sharing options...
I1L2T3 Posted June 22, 2018 Share Posted June 22, 2018 So a foot in each camp, sensible thinking, "As part of the restructuring, AIG will transfer all of AEL’s existing UK insurance business to the new UK insurance company, and at the same time, will transfer AEL’s existing European business to the new Luxembourg company. The proposed restructure will be undertaken through a legal process combining an insurance business transfer (known as a Part VII Transfer) and a cross-border merger, which is subject to regulatory and court approvals. We will be writing to policyholders, claimants, brokers, and other interested parties from April 2018 to provide details of the proposed restructure, and how it may impact them. Following the restructure, AIG will have one entity in the UK to write UK business and one in Luxembourg to write business in EEA countries and Switzerland through its branch network." You’re deluded with no concept of the reality. Sorry but it’s the truth. Link to comment Share on other sites More sharing options...
melthebell Posted June 22, 2018 Share Posted June 22, 2018 Do you really need this spelling out? heh you really cant make it up can you? Link to comment Share on other sites More sharing options...
retep Posted June 22, 2018 Share Posted June 22, 2018 They are moving the site where they conduct ALL European business to Luxembourg. People and the businesses that they form move across borders, who knew? What an alien concept. You'll probably arrive at the next conclusion that a colleague of mine took: If they leave we should fine them. Even better position than drawing up the bridge and influencing trade, this way you'll definitely stop all inward investment. Just what a 'global' country needs. I suppose BMW doesn't bother you either? shame that this is death number 2 for both Mini and Rolls if you get your way. Pressure will continue to rack up - business planning involves years, not months and certainly not weeks. This is where you and the government are incredibly naive and show a complete lack of awareness of how large organisations work. Show me the workable solutions Peter, because so far you are clutching at straws. So the company is opening a new department in the EU. There is no straw clutching at all, now show me where it says job losses. It seems the straw clutching is by you and the other losers on here. Link to comment Share on other sites More sharing options...
melthebell Posted June 22, 2018 Share Posted June 22, 2018 So the company is opening a new department in the EU. There is no straw clutching at all, now show me where it says job losses. It seems the straw clutching is by you and the other losers on here. do you understand when a company moves their whole operations abroad, they dont normally take most of their staff with them? Link to comment Share on other sites More sharing options...
retep Posted June 22, 2018 Share Posted June 22, 2018 do you understand when a company moves their whole operations abroad, they dont normally take most of their staff with them? They are not moving their whole operations, may be a bit beyond your intelligence level. Link to comment Share on other sites More sharing options...
tzijlstra Posted June 22, 2018 Share Posted June 22, 2018 They are not moving their whole operations, may be a bit beyond your intelligence level. They are moving all their European business to Luxembourg. They don't gain popularity with their customers in the UK by spelling out they will release thousands of people, so they don't spell it out. How about the BMW and Airbus warnings? Goggles. Off. Link to comment Share on other sites More sharing options...
retep Posted June 22, 2018 Share Posted June 22, 2018 They are moving all their European business to Luxembourg. They don't gain popularity with their customers in the UK by spelling out they will release thousands of people, so they don't spell it out. How about the BMW and Airbus warnings? Goggles. Off. This from last year, https://www.insurancebusinessmag.com/uk/news/breaking-news/will-aig-axe-more-jobs-due-to-brexit-63531.aspx and this, https://www.insurancejournal.com/news/international/2018/04/20/486917.htm Link to comment Share on other sites More sharing options...
Top Cats Hat Posted June 22, 2018 Share Posted June 22, 2018 They are not moving their whole operations, may be a bit beyond your intelligence level. Your argument reminds me of a man who has £100,000 stolen from his safe and then says "Look over here! The burglar has dropped his wallet on the way out and there's a tenner in it. Result!!!" Link to comment Share on other sites More sharing options...
retep Posted June 22, 2018 Share Posted June 22, 2018 Your argument reminds me of a man who has £100,000 stolen from his safe and then says "Look over here! The burglar has dropped his wallet on the way out and there's a tenner in it. Result!!!" Yours reminds me of the burglar, thick as a plank leaving his wallet behind. Link to comment Share on other sites More sharing options...
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