Shock as dozens of jobs set to go at financial services company

Aug 6 2008 by David Jones, Liverpool Daily Post

“Our intermediary business isn’t immune from the effects of the current market conditions, especially in the mortgage and loans market. However, we remain confident in the group’s growth prospects.”

Mortgage 2000 staff are based at housebuilder Redrow’s nearby offices on St David’s Park. A decision on how many jobs are to be lost could be made next week.

Moneysupermarket.com, which also has staff working out of a unit at Hawarden, has been looking at relocating to a new site big enough to accommodate all its staff. Sites in both Cheshire and north east Wales are being evaluated.

Company spokesman Tim Newhouse said yesterday that the group would probably reach a decision on that by the end of the year. The company operates under its flagship moneysupermarket.com and travelsupermarket.com brands which allow consumers to compare prices for mortgages, loans, credit cards and package holidays and click through to a provider if they want to make a purchase.

Last month, shares in the company lost about a third of their value after it issued a trading statement warning that revenues would be down by £7m following the withdrawal of Barclays-owned Firstplus from the home loans sector.

davidrjones