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

330 jobs
Number of planned job losses
Job loss
Announcement Date
13 April 2016
Employment effect (start)
13 April 2016
Foreseen end date
31 December 2020


On 13 April 2016, Germany's third largest insurance company Talanx announced to cut 330 jobs in Germany by 2020. Redundancies will affect Talanx’ subsidiary HDI Vertriebs AG.

According to the CEO, restructuring measures are inevitable as the company needs to become more competitive and strengthen its business. Moreover, the company wants to reduce the cost basis of Retail Germany by €240 million by 2020. During the same period Talanx will invest €300 million in modernising the division. The corporate group will focus on the sales of biometric products such as occupational and disability insurance and on targeting corporate customers and freelance professionals.

The company already made a previous announcement to cut 600 jobs at HDI Kundenservice AG in November 2015. Headquartered in Hanover (Germany), Talanx currently employs over 21,300 employees worldwide of which around 5,000 in Germany.


  • 13 April 2016: Talanx Press Release
  • 13 April 2016: procontra-online.de


Eurofound (2016), Talanx, Internal restructuring in Germany, factsheet number 86990, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86990.