Achmea / The biggest dutch insurer to cut 4,000 jobs over three years

The mutual insurer, which offers health care, property and casualty, pensions and life insurance, expects to cut 4,000 jobs of 19,000 employees in the Netherlands and other countries, the Zeist-based company said in a statement today. Compulsory job losses can’t be ruled out, it said.

The cuts are in addition to a program announced in 2009 to eliminate 2,500 jobs by 2011. Achmea, formerly known as Eureko, had 19.7 billion euros ($26.8 billion) in gross written premiums in 2011, according to the Dutch Association of Insurers, a trade group representing more than 95 percent of the industry. Rabobank Groep owns about 29 percent of the company.

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via Biggest Dutch Insurer Achmea to Cut 4,000 Jobs Over Three Years – Businessweek.