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
300 jobs Number of planned job creations
Announcement Date
1 December 2006
Employment effect (start)
Foreseen end date
31 December 2008
Description
On 1 December 2006, the financial service provider Wüstenrot&Württembergische announced its plans to create 300 jobs within the sales and distribution department of its building society. The company wants to invest approximately 30 million euro into the sales force of its building society and another 10 million euro into its insurance sales force until 2008. The job creation scheme is part of its business expansion strategy. The company currently employs 3,200 people in Germany.
Sources
1 December 2006: Handelsblatt
Citation
Eurofound (2006), Wüstenrot&Württembergische (W&W), Business expansion in Germany, factsheet number 64549, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64549.
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