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 Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66 - Activities auxiliary to financial services and insurance activities
500 jobs Number of planned job creations
Announcement Date
8 August 2006
Employment effect (start)
1 January 2006
Foreseen end date
31 December 2006
Description
On 8 August 2006, MLP, a German financial services supplier for private customers, said that the company wants to expand its international staff of 2500 by about 500 sales managers in 2006, but has been facing difficulties to find new employees. The company rejects speculations that this might be due to financial irregularities on part of management which damaged MLP's image in 2002. After a change in management, MLP will focus on retirement arrangements, rapidly expand its sales staff and improve further training.
Sources
9 August 2006: Frankfurter Allgemeine Zeitung
9 August 2006: Handelsblatt
Citation
Eurofound (2006), MLP Marschollek, Lautenschläger und Partner, Internal restructuring in European Union, factsheet number 63905, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63905.
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