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
2,000 jobs Number of planned job losses
Announcement Date
15 December 2016
Employment effect (start)
Foreseen end date
31 December 2019
Description
The Dutch insurance provider Achmea, which owns a range of brands providing health, indemnity and income insurance policies, has announced an extension of the internal restructuring programme started in 2013, adding 2,000 job reductions to the already implemented 4,000, to be completed by 2020. Continued redundancies are deemed necessary for the company to be 'future-proof', with a smaller, more efficient workforce, cost reductions of €200 million, and an improved online service provision. Jobs will be lost across the board in the company, and Achmea expects that forced redundancies will be inevitable. The unions have responded with shock and concern over the continuing wave of dismissals in the financial sector. Achmea is market leader in the Netherlands in health insurance, and further has activities in Greece, Turkey, Slovakia, Ireland and Australia, employing some 2,500 employees outside of the Netherlands.
Sources
15 December 2016: nrc.nl
15 December 2016: De Financiële Telegraaf
15 December 2016: De Volkskrant
Citation
Eurofound (2016), Achmea, Internal restructuring in Netherlands, factsheet number 89726, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89726.
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