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
240 jobs Number of planned job losses
Announcement Date
25 March 2021
Employment effect (start)
Foreseen end date
31 March 2024
Description
The Dutch insurance company Achmea cuts 240 jobs at its non-life insurance department.
An increasing number of claims is submitted digitally and processed automatically without any human intervention. In addition, Achmea states that the volatility in the number of claims forces the company to become more flexible.
As the job cuts will be spread over the next three years, forced dismissal will not be necessary.
Union representatives were not surprised by the reorganisation plan, since many companies in the financial sector are reorganising as a result of digitisation.
Achmea is the largest insurance company in the Netherlands and has 13,000 employees.
Eurofound (2021), Achmea, Internal restructuring in Netherlands, factsheet number 104075, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/104075.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
