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
600 jobs Number of planned job creations
Announcement Date
29 March 2006
Employment effect (start)
Foreseen end date
Description
The financial insurance group, Wüstenrot & Württembergische (W&W), announced the expansion of its network of sales partners in Germany. By 2007, 600 new agents should strengthen the competitiveness and the market position of W&W. The expansion in distribution is part of the restructuring programme that results from the acquisition of the Karlsruher Versicherungsgruppe in last autumn.
Sources
30 March 2006: Handelsblatt
Citation
Eurofound (2006), Wüstenrot & Württembergische (W&W), Merger/Acquisition in Germany, factsheet number 63266, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63266.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
