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 65.1 - Insurance
110 jobs Number of planned job losses
Announcement Date
30 October 2024
Employment effect (start)
Foreseen end date
Description
Alm. Brand is continuing its employee reductions as part of the ongoing integration with Codan. Recently, 85 employees were laid off, with an additional 25 positions not being refilled.
This restructuring aims to lower costs in alignment with the company's financial goals and to enhance operational efficiency. The merger, which occurred in May 2022, was expected to result in a workforce reduction of approximately 300 employees. Prior layoffs in November last year already cut 105 positions, reflecting the ongoing adjustments post-merger. The changes are intended to maintain competitive pricing for customers.
Eurofound (2024), Alm. Brand, Merger/Acquisition in Denmark, factsheet number 201859, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201859.
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