VHV

Type
Internal restructuring
Country
Germany
Region
Niedersachsen;
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
120 jobs
Number of planned job losses
Job loss
Announcement Date
12 September 2012
Employment effect (start)
1 October 2012
Foreseen end date

Description

VHV (Vereinige Hannoversche Verischerungen), a German insurer based in Hannover, will cut 120 positions out of 2,000. The group employs a total of 2,700 persons in Germany. The company had planned to shed about 180 posts initially but this was lowered to 120 as a result of negotations with the works council.  

Sources

  • 12 September 2012: Hannoversche Allgemeine Zeitung

Citation

Eurofound (2012), VHV, Internal restructuring in Germany, factsheet number 74127, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74127.