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Allianz says to cut 300 German IT staff via buyouts

Published 07/10/2017, 06:21 AM
Updated 07/10/2017, 06:30 AM
© Reuters. People arrive for the annual shareholders' meeting of Europe's biggest insurer Allianz SE, in Munich
ALVG
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FRANKFURT (Reuters) - Allianz (DE:ALVG) plans to cut 300 German jobs from its information technology division, using staff buyouts, a spokesman for the company told Reuters on Monday.

Currently around 2,000 staff work at Allianz Technology in Germany, the company said. Staff have until October to accept a buyout offer, Allianz said.

© Reuters. People arrive for the annual shareholders' meeting of Europe's biggest insurer Allianz SE, in Munich

Sueddeutsche Zeitung reported last month that Allianz was planning to cut a total of almost 1,300 jobs, some of which have already gone as a result of early retirement.

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