Brief: UNIQA 3.0 Programme Adopted, Reduction In Number Of Employees

UNIQA Insurance AG

18/11/2020 16:48

Nov 18 (Reuters) - UNIQA INSURANCE GROUP AG  UNIQ.VI :
    * UNIQA 3.0 PROGRAMME ADOPTED
    * REDUCTION IN NUMBER OF EMPLOYEES AND GOODWILL IMPAIRMENTS
IN
INDIVIDUAL COUNTRIES RESULT IN ONE-OFF EXPENSES OF ABOUT EUR 210
MILLION
    * TOTAL OF AROUND 600 SALARIED EMPLOYEES OF UNIQA GROUP WILL
BE
LEAVING COMPANY BY END OF 2022
    * REDUCTIONS WILL BE ACHIEVED WHEREVER POSSIBLE THROUGH
NATURAL
ATTRITION AND CONTRACT TERMINATIONS AGREED THROUGH MUTUAL
CONSENT
    * RESTRUCTURING MEASURES WILL RESULT IN FUTURE TARGETED
SAVINGS OF
UP TO AROUND EUR50 MILLION EACH YEAR
    * GOODWILL IMPAIRMENTS OF ABOUT EUR100 MILLION FOR 2020 TO
BE
TRIGGERED IN SERBIA, BULGARIA AND ROMANIA

Source text for Eikon:  ID:nAPA9yp11v 
Further company coverage:  UNIQ.VI 

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