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
300 - 400 jobs Number of planned job losses
Announcement Date
11 June 2013
Employment effect (start)
31 December 2013
Foreseen end date
31 December 2015
Description
Basler Versicherungen, subsidiary of the Swiss insurance group Baloise, is to cut 300 jobs by the end of 2015.
In detail the group has announced a restructuring plan which refers to the closure of its Bremen and Nuremberg sites during 2016. At the same time the company plans to pool resources at sites in Hamburg and Bad Homburg.
Overall, there will about 300 jobs lost by the end of 2015 and 100 more are expected by the end of 2017.
Consulatations with the works council are to commence soon and the company promised that the restructuring will be implemented in a socialy responsible way.
Sources
11 June 2013: Baloise (press release)
12 June 2013: Sueddeutsche
Citation
Eurofound (2013), Basler Versicherungen, Internal restructuring in Germany, factsheet number 75561, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75561.
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