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

190 jobs
Number of planned job losses
Job loss
Announcement Date
26 September 2016
Employment effect (start)
1 January 2017
Foreseen end date
31 December 2017


Insurance company Gjensidige Forsikring will reduce their staff by 190 full-time equivalents in 2017. All parts of the company will be affected. In the third quarter of 2016, 120 million NOK will be set aside to cover restructuring costs. The goal of the restructuring is to increase competitiveness and reduce costs, with a renewed focus on digital solutions and investment in technology, brand profiling and new competence. The company plans to first offer voluntary job reduction measures. CEO Helge Leiro Baastad says that the goal is to undertake the restructuring without resorting to direct dismissals. Gjensidige Forsikring will also make several changes to its top management  from October 1.  


  • 26 September 2016: Dagens Næringsliv
  • 26 September 2016: E24
  • 26 September 2016: Gjensidige.no


Eurofound (2016), Gjensidige Forsikring, Internal restructuring in Norway, factsheet number 88658, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88658.