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 65.12 - Non-life insurance
190 jobs Number of planned job losses
Announcement Date
26 September 2016
Employment effect (start)
1 January 2017
Foreseen end date
31 December 2017
Description
Insurance company Gjensidige Forsikring will reduce their staff by 190 full-time equivalents in 2017. All parts of the company will be affected. In the third quarter of 2016, 120 million NOK will be set aside to cover restructuring costs. The goal of the restructuring is to increase competitiveness and reduce costs, with a renewed focus on digital solutions and investment in technology, brand profiling and new competence. The company plans to first offer voluntary job reduction measures. CEO Helge Leiro Baastad says that the goal is to undertake the restructuring without resorting to direct dismissals. Gjensidige Forsikring will also make several changes to its top management from October 1.
Sources
26 September 2016: Dagens Næringsliv
26 September 2016: E24
26 September 2016: Gjensidige.no
Citation
Eurofound (2016), Gjensidige Forsikring, Internal restructuring in Norway, factsheet number 88658, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88658.
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