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 / 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
400 jobs Number of planned job losses
200 jobs Number of planned job creations
Announcement Date
16 November 2005
Employment effect (start)
Foreseen end date
Description
The 2005-2008 business plan envisages a significant improvement of all performance indicators of the insurance company and includes cost-cutting through some 400 redundancies. At the same time, the recruitment of some 200 young is planned. The Toro Assicurazioni group has a network of 1,112 offices in Italy with 2,182 overall employees.
Sources
16 November 2005: Il Sole 24 Ore
Citation
Eurofound (2005), Toro Assicurazioni, Internal restructuring in Italy, factsheet number 62735, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62735.
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