Aegon

Type
Internal restructuring
Country
Netherlands
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
300 jobs
Number of planned job losses
Job loss
Announcement Date
29 September 2011
Employment effect (start)
1 January 2012
Foreseen end date
31 December 2012

Description

On 29 September 2011 insurance group Aegon announced that it will cut 300 jobs in 2012, out of a total of 6,000. The group intends to reduce costs due to increasing competition in a fast changing global environment.

Sources

  • 29 September 2011: Nu.nl

Citation

Eurofound (2011), Aegon, Internal restructuring in Netherlands, factsheet number 72440, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72440.