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 Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65.1 - Insurance
300 jobs Number of planned job losses
Announcement Date
23 March 2016
Employment effect (start)
Foreseen end date
31 December 2016
Description
Italian insurance and finance company Generali Poland has announced that it will cut up to 300 jobs across Poland by the end of 2016. The restructuring programme will be implemented in all four subsidiaries of the company: Generali TU, Generali Życie TU, Generali PTE and Generali Finance. According the company, the programme is associated with factors which have affected the insurance market such as higher payouts on personal claims and changing regulatory environment. The conditions of the programme are negotiated with the local trade union. Currently, the company employs about 1,700 people across the country.
Sources
23 March 2016: Strefa Biznesu
Citation
Eurofound (2016), Generali Poland, Internal restructuring in Poland, factsheet number 86945, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86945.
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