The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, reinsurance and pension funding, except compulsory social security
600 jobs Number of planned job losses
Announcement Date
18 November 2020
Employment effect (start)
1 December 2020
Foreseen end date
31 December 2022
Description
Insurance company Uniqa has announced 600 job cuts by the end of 2022.Most of the job loss will be in Austria. The executive board and the supervisory committee have agreed on a strategy programme called 'Uniqa 3.0', as announced by the company on 18 November 2020. The company has not stated the current COVID-19 crisis as a reason for the restructuring. The majority of the job cuts should be realised by attrition and terminating contracts by mutual agreement. A redundancy programme will be arranged. At present, Uniqa employs around 12,776 staff worldwide, with around 6,000 in Austria.
Eurofound (2020), Uniqa, Internal restructuring in Austria, factsheet number 102633, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102633.
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