Union Investment

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.3 - Activities of trusts, funds and similar financial entities
64.3 - Activities of trusts, funds and similar financial entities
240 jobs
Number of planned job losses
Job loss
Announcement Date
29 November 2012
Employment effect (start)
29 November 2012
Foreseen end date
29 November 2015

Description

As announced on November 29, 2012 German investment company Union Investment will cut about 240 jobs. This is part of an efficiency programme.

In total, Union Investment employs more than 2,400 people. The company aims to avoid forced redundancies and will realise the job cuts by the end of 2015.

Sources

  • 29 November 2012: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2012), Union Investment, Internal restructuring in World, factsheet number 74637, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74637.