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 / Insurance/ Estate 64 - Financial service activities, except insurance and pension funding 64.3 - Activities of trusts, funds and similar financial entities 64.3 - Activities of trusts, funds and similar financial entities
240 jobs Number of planned job losses
Announcement Date
29 November 2012
Employment effect (start)
29 November 2012
Foreseen end date
29 November 2015
Description
As announced on November 29, 2012 German investment company Union Investment will cut about 240 jobs. This is part of an efficiency programme.
In total, Union Investment employs more than 2,400 people. The company aims to avoid forced redundancies and will realise the job cuts by the end of 2015.
Sources
29 November 2012: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2012), Union Investment, Internal restructuring in World, factsheet number 74637, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74637.
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