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.
Ergo, a subsidiary of the German reinsurer Munich Re, has announced plans to reduce its workforce in Germany by around 1,000 positions by 2030. The restructuring will affect employees nationwide, with the company aiming to cut roughly 200 jobs per year until 2030.
The restructuring is intended to expand the use of artificial intelligence and lower operating costs as part of Munich Re’s broader savings programme, which targets annual cost reductions of €600 million by 2030. The company has agreed with employee representatives that the job cuts are to be implemented through natural attrition, early retirement schemes and severance programmes. In addition, the company has created 500 reskilling positions, 260 of which will already be available this year, to prepare employees for new, AI-related roles. Ergo employs roughly 15,000 people in Germany. The planned cuts amount to around 6% of its domestic workforce.
Eurofound (2026), Ergo, Internal restructuring in Germany, factsheet number 300032, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/300032.
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