Karstadt Quelle

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
200 jobs
Number of planned job creations
Job creation
Announcement Date
3 March 2008
Employment effect (start)
1 January 2008
Foreseen end date
31 December 2008

Description

The insurance company KarstadtQuelle announced to create 200 jobs in 2008. The company stated that it would seek to enlarge its client base to five million customers within the next five years. The insurance firm stated that the new business expansion scheme would focus on custom-tailored products for youngsters aged 18 years or above. Products include causality, dental prosthesis or temporary life insurances. Nowadays KarstadtQuelle is mainly specialised in insurance products for customers aged 45 years or above. In 2007, the company employed 1,849 employees.

Sources

  • 3 March 2008: Financial Times Deutschland

Citation

Eurofound (2008), Karstadt Quelle, Business expansion in Germany, factsheet number 66366, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66366.