Wüstenrot&Württembergische (W&W)

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
300 jobs
Number of planned job creations
Job creation
Announcement Date
1 December 2006
Employment effect (start)
Foreseen end date
31 December 2008

Description

On 1 December 2006, the financial service provider Wüstenrot&Württembergische announced its plans to create 300 jobs within the sales and distribution department of its building society. The company wants to invest approximately 30 million euro into the sales force of its building society and another 10 million euro into its insurance sales force until 2008. The job creation scheme is part of its business expansion strategy. The company currently employs 3,200 people in Germany.

Sources

  • 1 December 2006: Handelsblatt

Citation

Eurofound (2006), Wüstenrot&Württembergische (W&W), Business expansion in Germany, factsheet number 64549, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64549.