Bayerische Beamten Versicherung

Type
Internal restructuring
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
100 jobs
Number of planned job losses
Job loss
Announcement Date
13 July 2009
Employment effect (start)
Foreseen end date

Description

On 13 July 2009, the insurance company Bayerische Beamten Versicherung announced that it will cut 100 of its 550 jobs in Germany. The job cuts are to save 10 million euro annually. The company stated that it was looking for socially acceptable solutions to implement the job cuts which are a part of an internal restructuring programme. Downsizing affected all departments of the insurer. Timelines concerning the employment effect start or its end were not specified by the company.

Sources

  • 14 July 2009: Handelsblatt

Citation

Eurofound (2009), Bayerische Beamten Versicherung, Internal restructuring in Germany, factsheet number 69293, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69293.