Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Direct Group, a Czech group active in finance and services, has announced plans to cut around 360 jobs by the end of 2026. The measure is said to affect the group's following subdivisions: Direct Insurance, Direct Auto and Fidoo.
The group cites the transition to artificial intelligence as the reason for the restructuring measure. According to Direct Group the company is growing quickly and need to optimise its business. The group expects the measure to reduce operational costs and increase operational efficiency.
At this point there is not information about whether the management of the Direct Group is working together with workers councils or unions to minimise the impact of the measure.
The Direct Group is part of the VIGO investments group and employs approximately 1,200 employees. It operates in the areas of insurance, investments, and mobility-related services.
Eurofound (2026), Direct Group, Internal restructuring in Czechia, factsheet number 204469, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/204469.
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