R + V Versicherung

Type
Business expansion
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
200 jobs
Number of planned job creations
Job creation
Announcement Date
18 April 2005
Employment effect (start)
19 April 2005
Foreseen end date
31 December 2005

Description

Insurance group R + V has doubled profits to €95 million and plans to add to 200 jobs in 2005. The announcement comes in the wake of DBV-Winterthur, a competitor, saying it will cut 550 jobs as a cost cutting measure. The new jobs will be in sales, says R + V Versicherung.

Sources

  • 19 April 2005: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2005), R + V Versicherung, Business expansion in Germany, factsheet number 61440, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61440.