EMCC European Monitoring Centre on Change

Wüstenrot&Württembergische (W&W)

Company/Organisation:
Wüstenrot&Württembergische (W&W)

Geographic Location

Country: Germany

Company

Sector: Financial services
Financial and insurance activities
65 - Insurance, reinsurance and pension funding, except compulsory social security
Group: W&W

Employment Effects

Announcement Date: 01-12-2006
Type of Restructuring: Business expansion
Foreseen End Date: 31-12-2008
Planned Job Creation: 300

Additional Information

On 1 December 2006, the financial service provider Wüstenrot&Württembergische announced its plans to create 300 jobs within the sales and distribution department of its building society. The company wants to invest approximately 30 million euro into the sales force of its building society and another 10 million euro into its insurance sales force until 2008. The job creation scheme is part of its business expansion strategy. The company currently employs 3,200 people in Germany.