Chris Gray, a representative for the union at Prudential, said the two parties are looking at ways of avoiding involuntary redundancies and he is confident that negotiations will be successful. However, Gray warned that a legal challenge might still go ahead if the negotiations break down. "We are going to fight this all the way," he said.
The union fears that IT positions will be among the 850 jobs under threat and claimed the company did not initially undertake a proper consultation with its workers. Prudential denied this.
A spokeswoman for the Prudential said the insurer is committed to dialogue with the unions. The company is seeking to reduce its headcount by 850 jobs through natural attrition and redeployment as well as redundancies, she said, although the details have yet to be decided.
If the union does launch a challenge against Prudential the outcome could have implications for future offshore outsourcing deals.