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
100 jobs Number of planned job losses
Announcement Date
13 July 2009
Employment effect (start)
Foreseen end date
Description
On 13 July 2009, the insurance company Bayerische Beamten Versicherung announced that it will cut 100 of its 550 jobs in Germany. The job cuts are to save 10 million euro annually. The company stated that it was looking for socially acceptable solutions to implement the job cuts which are a part of an internal restructuring programme. Downsizing affected all departments of the insurer. Timelines concerning the employment effect start or its end were not specified by the company.
Sources
14 July 2009: Handelsblatt
Citation
Eurofound (2009), Bayerische Beamten Versicherung, Internal restructuring in Germany, factsheet number 69293, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69293.
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.
