Toro Assicurazioni

Type
Internal restructuring
Country
Italy
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
400 jobs
Number of planned job losses
Job loss
200 jobs
Number of planned job creations
Job creation
Announcement Date
16 November 2005
Employment effect (start)
Foreseen end date

Description

The 2005-2008 business plan envisages a significant improvement of all performance indicators of the insurance company and includes cost-cutting through some 400 redundancies. At the same time, the recruitment of some 200 young is planned. The Toro Assicurazioni group has a network of 1,112 offices in Italy with 2,182 overall employees.

Sources

  • 16 November 2005: Il Sole 24 Ore

Citation

Eurofound (2005), Toro Assicurazioni, Internal restructuring in Italy, factsheet number 62735, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62735.