EMCC European Monitoring Centre on Change

Mannheimer Versicherungen

Company/Organisation:
Mannheimer Versicherungen

Geographic Location

Country: Germany

Company

Sector: Financial services
Financial and insurance activities
65 - Insurance, reinsurance and pension funding, except compulsory social security
Number Employed: 1050

Employment Effects

Announcement Date: 29-09-2003
Planned Job Reductions min: 130
Planned Job Reductions max: 250
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-10-2003

Additional Information

Until the end of the year, some 130 jobs will be suppressed. 120 other employees will start to work for the company 'Protektor' in October. The difficulties of Mannheimer were caused by the collapse of the life insurance branch.