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 Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
800 jobs Number of planned job creations
Announcement Date
20 September 2006
Employment effect (start)
Foreseen end date
31 December 2008
Description
On 20 September, the financial group Fortis Consumer Finance Deutschland announced the creation of about 800 jobs. 500 of them will be created due to an expansion of the financial group in the German market, e.g. Fortis plans to open 130 new branches all over Germany till the end of 2008. Another 300 jobs will be needed within its German headquarters in Essen. Fortis expansion strategy aims at obtaining 4% of the share in the German market. The Fortis Group employs around 57,000 persons worldwide.
Sources
21 September 2006: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2006), Fortis Consumer Finance, Business expansion in Germany, factsheet number 64138, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64138.
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