Fortis Consumer Finance

Type
Business expansion
Country
Germany
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
800 jobs
Number of planned job creations
Job creation
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://apps.eurofound.europa.eu/restructuring-events/detail/64138.