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.
Public Administration And Defence Public Administration And Defence; Compulsory Social Security Compulsory Social Security Activities 84.3 - Compulsory social security activities
400 jobs Number of planned job losses
Announcement Date
5 May 2011
Employment effect (start)
1 July 2011
Foreseen end date
Description
The Federal Insurance Office, which is in charge of supervising the statutory health insurers, announced the closure of City BKK by 1 July 2011. City BKK (Betriebskrankenkasse, BKK) is the health insurer of the cities of Hamburg and Bremen and company of the nation-wide BKK. According to Handelsblatt, Since 2009, City BKK's shaky economic position has severely been affected by a drop in young members following on an increase in insurance contributions.
The closure hits a staff of 400. Management said it has been active addressing partner organisations to provide jobs for City BKK staff. As of beginning of May, 65% of the staff is expected to be reemployed with various BKK companies or other organisations.
Sources
5 May 2011: Handelsblatt
Citation
Eurofound (2011), City BKK, Closure in Germany, factsheet number 71922, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71922.
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