Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

4,800 jobs
Number of planned job losses
Job loss
Announcement Date
6 July 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

On 6 July 2009, financial service provider Allianz Deutschland announced that 4,800 jobs, instead of the planned 5,700, were to be cut. Job losses were less severe due to the new tasks taken over by the company.

Allianz Deutschland employs around 30,000 employees.


Sources

  • 6 July 2009: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2009), Allianz, Internal restructuring in Germany, factsheet number 69294, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69294.