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
150 jobs Number of planned job losses
Announcement Date
4 June 2009
Employment effect (start)
4 July 2009
Foreseen end date
31 December 2010
Description
Vital Forsikring announced on 4 June 2009 that they had to cut their costs by NOK 210 million before end of December 2010 implying a reduction of its staff by 150 workers. The company states that they only will let go of temporary workers. At present, there are 1150 employees in full-time positions, and 200 temporary workers. 50 employees will also be transferred from the office in Trondheim to the office in Bergen.
Vital Forsikring ASA is Norway's largest privately owned life and pension insurance company after the merger with Gjensidige NOR Spareforsikring ASA on 9 March 2004. Vital's registered office is in Bergen, though this is not a traditional head office as management and main functions are located in both Trondheim and Bergen, while important functions are also located in Oslo.
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