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 65.1 - Insurance
50 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89126.
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