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 Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, reinsurance and pension funding, except compulsory social security
130 jobs Number of planned job creations
Announcement Date
2 May 2007
Employment effect (start)
Foreseen end date
31 December 2007
Description
The insurance company Axa announced its plans to create approximately 130 jobs until the end of 2007. Axa stated that it is seeking to improve its customer service as a result of which the 130 new jobs shall be created within its sales force. Currently Axa’s sales force consists of 2,800 employees. Altogether, the company employs about 8,200 employees in Germany. The job creation scheme is part of the company’s business expansion strategy.
Sources
3 May 2007: Handelsblatt
Citation
Eurofound (2007), AXA, Business expansion in Germany, factsheet number 65313, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65313.
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