Gesamtverband der Deutschen Versicherungswirtschaft

Type
Internal restructuring
Country
Germany
Region
Berlin; Berlin; Berlin
Location of affected unit(s)
Berlin
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65.1 - Insurance
65.1 - Insurance
50 jobs
Number of planned job losses
Job loss
Announcement Date
14 November 2016
Employment effect (start)
14 November 2016
Foreseen end date

Description

The German insurance association (GDV) announced plans to cut 50 out of 400 jobs in Germany. The association wants a restructuring to streamline their decision-making channels and internal structures. GDV wants to reduce the number of their permanent board members and reorganise its management. In addition, the association also seeks to strengthen their project and teamwork. Furthermore, the GDV Subsidiaries GDV Dienstleistung and the GDV Services will be merged.

Sources

  • 14 November 2016: Versicherungsbote.de
  • 14 November 2016: procontra-online.de

Citation

Eurofound (2016), Gesamtverband der Deutschen Versicherungswirtschaft, Internal restructuring in Germany, factsheet number 89126, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89126.