Labour MP Stephen Doughty has said he is "deeply concerned" by Admiral's plan to cut 500 jobs in its UK insurance business and is seeking an urgent meeting with the company over the impact on workers in Cardiff and the surrounding area.
The Cardiff South and Penarth MP responded after Admiral announced plans to remove around 500 roles, equivalent to roughly 5% of its UK insurance workforce, as part of a programme aimed at delivering £100 million in savings.
Doughty said:
"Deeply concerned to hear this news from @AdmiralUK."
He added:
"I am urgently contacting the company to understand the implications for local constituents, and will be asking to meet."
Admiral says redundancies are part of cost-cutting programme
Admiral said the job reductions form part of a wider restructuring programme designed to reduce costs.
UK Insurance chief executive Alistair Hargreaves said the company recognised the announcement would be difficult for affected staff and said Admiral would explore redeployment opportunities where possible. The company has also promised enhanced redundancy terms and career-transition support.
Admiral stressed that the job cuts were not being driven by artificial intelligence, despite the company increasingly using AI and machine-learning tools in its operations.
Cardiff headquarters makes announcement particularly significant
Admiral is headquartered in Cardiff and is one of Wales's best-known private-sector employers.
That gives the restructuring particular significance for the Welsh capital, where many staff are based and where the company has played a major role in the financial-services sector.
The Welsh Government has said it will seek a meeting with Admiral and offer support to affected workers through Careers Wales, ReAct+, the Department for Work and Pensions and local employability services.
Doughty presses for answers for local workers
Doughty, who also serves as a Foreign Office Minister, said his immediate concern was understanding how many local employees could be affected and what support would be available to them.
His intervention comes after Admiral reported continued growth in customer numbers in the first half of 2026, although group pre-tax profit from continuing operations fell 18% compared with the same period last year.
The company had reported record annual profits of £958 million for 2025, up 16% on the previous year.
Pressure now on company to explain local impact
The central questions now are how the 500 proposed job losses will be distributed geographically, how many will fall in Cardiff and whether redeployment can significantly reduce the number of compulsory redundancies.
Doughty's position is that Admiral now needs to give workers and elected representatives clear answers quickly - particularly in Cardiff, where the company's decisions could have a significant local economic impact.
