Restructuring events
European Restructuring Monitor (ERM)
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.
Basler Versicherungen, subsidiary of the Swiss insurance group Baloise, is to cut 300 jobs by the end of 2015.
In detail the group has announced a restructuring plan which refers to the closure of its Bremen and Nuremberg sites during 2016. At the same time the company plans to pool resources at sites in Hamburg and Bad Homburg.
Overall, there will about 300 jobs lost by the end of 2015 and 100 more are expected by the end of 2017.
Consulatations with the works council are to commence soon and the company promised that the restructuring will be implemented in a socialy responsible way.
Eurofound (2013), Basler Versicherungen, Internal restructuring in Germany, factsheet number 75561, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75561.
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