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

900 - 1,200 jobs
Number of planned job losses
Job loss
Announcement Date
1 February 2016
Employment effect (start)
1 March 2016
Foreseen end date
1 March 2019


The insurance company Vivat (formerly: Reaal) has announced it wil cut 900 to 1,200 jobs in the coming three years. According to its Chinese mother company Anbang, which took over Vivat in 2015, costs are 30% higher than competitor costs. In the past few months, Anbang has strengthened its control on Vivat by removing several members of the board and appointing more Chinese board members. 

For De Unie union, the news came as a shock. According to De Unie, there will be a wave of restructuring among insurance companies in the near future, following a comparable wave among banks. De Unie stressed the importance of the relatively favourable social plan.


  • 2 February 2016: Het Financieele Dagblad
  • 1 February 2016: De Volkskrant
  • 1 February 2016: nrc.nl


Eurofound (2016), Vivat, Merger/Acquisition in Netherlands, factsheet number 86801, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86801.