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
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://apps.eurofound.europa.eu/restructuring-events/detail/63266.
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