Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
65.1 - Insurance

170 jobs
Number of planned job losses
Job loss
Announcement Date
30 March 2015
Employment effect (start)
30 March 2015
Foreseen end date
31 December 2016


Nürnberger Versicherungsgruppe, a German insurance company, is to cut 170 jobs in Germany by the end of 2016. The reduction is mainly due to low interest rates and a reform of life insurance policy. The company will reduce the number of branches from 63 to 34 and relocate parts of the activities to the headquarters in Nuremberg where new jobs shall be created. The plan will cost 20 to 30 million euros at first but save costs in the long run. Nürnberger Versicherungen employs around 24,400 people in Germany and has generated a profit of 135 million euros in 2014, which was an increase of around 20% compared to 2013.


  • 30 March 2015: Nürnberger Nachrichten


Eurofound (2015), Nürnberger Versicherungsgruppe, Internal restructuring in Germany, factsheet number 79237, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79237.