Fact Sheet Details
This factsheet is being
updated and a new version will be published soon.
Company: Ergo
Geographic location
- Country:
Germany
- Region:
- Location of affected unit(s):
Hamburg, Munch, Cologne, Berlin, Mannheim
Company
- Group :
Munich Re
- Sector :
Financial services: Financial and insurance activities, 65.1
- Number employed:
Employment effects
- Announcement Date:
27-07-2012
- Planned job reductions:
1350
- Type of restructuring:
Internal restructuring
- Employment effect start:
- Foreseen end date:
31-12-2014
- Direct dismissals:
- Other job reduction measures:
- Planned job creation:
Additional information
German insurer Ergo has announced to cut up to 1,350 sales jobs until 2014. The job cuts will affect the sales departments in Hamburg, Mannheim, Cologne, Berlin and Munich, while a new sales department will be located at Dusseldorf.
Ergo is the result of the consolidation of five Munich Re subsidiaries. Consequently, the restructuring plan comprises the closing of the five original sales departments and the establishment of a single new one.
Ergo employs a total sales staff of 5,000. Another 10,000 sales persons are self-employed.
Sources
Süddeutsche Zeitung, 27-07-2012
Links
Page last updated: 13 August, 2012