PFA Pension

Type
Internal restructuring
Country
Denmark
Region
Danmark; Hovedstaden; Byen København
Location of affected unit(s)
Copenhagen
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
120 jobs
Number of planned job losses
Job loss
Announcement Date
15 January 2009
Employment effect (start)
1 March 2009
Foreseen end date
30 September 2009

Description

PFA Pension sheds 120 or every tenth job in the company due to a bad outlook for 2009. The risk for redundancies among the company's costumers is high and this will result in fewer and lower payments to the pension company, the management announced at a press conference 15 January 2009. The company will conduct activities to help the redundant employees into other jobs or training.

Sources

  • 20 January 2009: politiken.dk

Citation

Eurofound (2009), PFA Pension, Internal restructuring in Denmark, factsheet number 67917, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67917.