Type
Outsourcing
Country
Germany
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
65.1 - Insurance

300 jobs
Number of planned job losses
Job loss
Announcement Date
14 October 2012
Employment effect (start)
14 October 2012
Foreseen end date

Description

As announced on October 14, 2012, German insurance group Allianz will outsource 300 jobs.

Ergo and other insurance groups have to face falling prices and saturated markets, especially for life insurances. In 2011, Allianz already announced to cut 400 administrative jobs until the end of 2014 (see Factsheet 19335).


Sources

  • 14 October 2012: Der Tagesspiegel
  • 16 October 2012: Handelsblatt

Citation

Eurofound (2012), Allianz, Outsourcing in Germany, factsheet number 74341, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74341.