Insurance managers anticipate an enormous slew of redundancies

Managers across the insurance sector have accepted their own redundancy as 'inevitable', according t...

Managers across the insurance sector have accepted their own redundancy as 'inevitable', according to evidence compiled by the Chartered Management Institute (CMI).

According to the CMI, a combined analysis of calls to its redundancy hotline and poll data showed that executives had moved from 'concern about job security' to 'preparing for a job hunt'.

Against a backdrop of more than 50,000 job losses since 5 January and a total of 1.92 million unemployed, key findings of the survey, included:

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