Credit data firm to cut 300 posts

Nottingham-based credit information firm Experian is to slash up to 300 jobs across the UK and Irish Republic in the New Year.

The company said it would consult with its 4,000 employees before making the cuts at the end of March 2009.

The cost-saving plan is part of a series of changes aimed at saving a total of £87m ($130m).

Staff will be offered employment counselling or retraining, an Experian spokesman said.

Experian said it was "prudent" in the current economic climate to identify "efficiency opportunities" across its UK and Irish operations.

The firm said it will continue to invest in "high growth areas" of the business and hoped its strategy would limit the number of overall job losses.

A full 90-day consultation period with staff facing redundancy will start in January.

The company employs more than 2,000 people in Nottingham.

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