Type
Internal restructuring
Country
Denmark
Region
KĂžbenhavns amt;
Location of affected unit(s)
Copenhagen
Sector
Financial Services
Financial And Insurance Activities
Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
65.12 - Non-Life Insurance

105 jobs
Number of planned job losses
Job loss
Announcement Date
28 November 2023
Employment effect (start)
28 November 2023
Foreseen end date

Description

Alm. Brand is a large insurance Danish Insurance company. In 2021 the company aquired another danish insurance company, Codan. The merger between Codan and Alm. Brand created the second largest insurance company in Denmark. Now, a few years after the merger, the company has decided its time to trim the management structure to make it more simple and efficient. This entails the dismissal of 105 employees in the organisation.

The company has put aside 50 million kroner to implement the dismissals as a one time cost.


Sources

Citation

Eurofound (2023), Alm. Brand, Internal restructuring in Denmark, factsheet number 200568, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200568.