Generali Poland

Type
Internal restructuring
Country
Poland
Region
Makroregion wschodni; Lubelskie; Lubelski
Location of affected unit(s)
Lublin, other locations
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65.1 - Insurance
65.1 - Insurance
300 jobs
Number of planned job losses
Job loss
Announcement Date
23 March 2016
Employment effect (start)
Foreseen end date
31 December 2016

Description

Italian insurance and finance company Generali Poland has announced that it will cut up to 300 jobs across Poland by the end of 2016. The restructuring programme will be implemented in all four subsidiaries of the company: Generali TU, Generali Życie TU, Generali PTE and Generali Finance. According the company, the programme is associated with factors which have affected the insurance market such as higher payouts on personal claims and changing regulatory environment. The conditions of the programme are negotiated with the local trade union. Currently, the company employs about 1,700 people across the country.

Sources

  • 23 March 2016: Strefa Biznesu

Citation

Eurofound (2016), Generali Poland, Internal restructuring in Poland, factsheet number 86945, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86945.