Aachen Münchener

Type
Internal restructuring
Country
Germany
Region
Nordrhein-Westfalen; Köln; Städteregion Aachen
Location of affected unit(s)
Aachen
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 - Insurance, reinsurance and pension funding, except compulsory social security
159 jobs
Number of planned job losses
Job loss
Announcement Date
28 December 2005
Employment effect (start)
1 January 2006
Foreseen end date
31 December 2008

Description

Aachen-Münchener, an insurance company, has announced the cutting of 159 jobs in Aachen until 2008. A spokesman said that Aachen-Münchener seeks to make the cuts as 'socially acceptable as possible'. However, direct dismissals will be unavoidable, the spokesman said.

Sources

Citation

Eurofound (2005), Aachen Münchener, Internal restructuring in Germany, factsheet number 62586, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62586.