Internal restructuring
Location of affected unit(s)
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

550 jobs
Number of planned job losses
Job loss
Announcement Date
17 April 2007
Employment effect (start)
1 April 2007
Foreseen end date
1 April 2012


The insurance company R+V Versicherung announced its plans to cut approximately 550 jobs. The company currently employs around 11,300 employees in Germany and it is planning to reduce its workforce by 1% per year within the next five years. R+V Versicherung will achieve its this figure by natural turnover, that is, by not replacing those employees who retire or who resign voluntarily. In 2006, the company increased the contribution payments of its insurants by nearly 10%, totalling 9.2 billion Euros in 2006, while its after tax profit rose from 156 million Euros in 2005 to 167 million Euros in 2006.


  • 18 April 2007: Frankfurter Allgemeine Zeitung


Eurofound (2007), R + V Versicherung, Internal restructuring in Germany, factsheet number 65255, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65255.