Helvetia Baloise

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - 65 - Insurance, reinsurance and pension funding, except compulsory social security
260 - 330 jobs
Number of planned job losses
Job loss
Announcement Date
9 December 2025
Employment effect (start)
9 December 2025
Foreseen end date
1 January 2028

Description

As announced on 9 December 2025, the Swiss insurance group Helvetia Baloise plans to cut 260 to 330 jobs in Germany by 2028. With the job cuts, the company aims to increase its profitability and streamline its corporate cultures.

The company is relying on natural attrition, but there will also be layoffs. In total, up to 2,600 positions are to be eliminated worldwide: Helvetia Baloise 2025 - WO

Helvetia and Baloise merged in December 2025. Overall, the group employs around 22,000 people in Switzerland, Germany, France, Italy, Spain, Belgium, Austria and Luxembourg.

Sources

Citation

Eurofound (2025), Helvetia Baloise, Internal restructuring in Germany, factsheet number 203855, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203855.