Mannheimer Versicherungen

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
130 - 250 jobs
Number of planned job losses
Job loss
Announcement Date
29 September 2003
Employment effect (start)
1 October 2003
Foreseen end date

Description

Until the end of the year, some 130 jobs will be suppressed. 120 other employees will start to work for the company 'Protektor' in October. The difficulties of Mannheimer were caused by the collapse of the life insurance branch.

Sources

  • 29 September 2003: Financial Times Deutschland
  • 29 August 2003: Mannheimer Press release

Citation

Eurofound (2003), Mannheimer Versicherungen, Internal restructuring in Germany, factsheet number 59089, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59089.