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 - Insurance, reinsurance and pension funding, except compulsory social security
180 jobs Number of planned job losses
Announcement Date
30 September 2004
Employment effect (start)
Foreseen end date
31 March 2006
Description
Hibernian Group is planning to cut its 1,400 strong workforce by 180 over the next 18 months. The decision was taken following a detailed cost review. The cost review is the subject of negotiations with AMICUS, the trade union representing the workers. The Hibernian Group's wide range of activities embrace general insurance, risk management, pensions, life assurance etc. Hibernian is part of the Aviva Group, which is one of the world's largest insurance organisations.
Sources
1 October 2004: The Irish Examiner
1 October 2004: The Irish Times
Citation
Eurofound (2004), Hibernian Group, Internal restructuring in Ireland, factsheet number 60721, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60721.
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