ERGO closes 18 offices and makes 50 people redundant in ESTONIA

Insurance company ERGO closes 18 offices and makes nearly fifty people redundant in Estonia in the course of its spring-summer sales network reform, Aripaev Online reports.

The main reason for the sales network reform is changed expectations and needs of clients and optimising operating costs, the company said. ERGO submitted on Thursday an application to the Unemployment Insurance Fund for collective redundancies concerning 46 sales specialists. This is the maximum amount and may turn out to be smaller after talks with employees are held, ERGO board member Maarika Liivamagi said.

She said that during the reform that started in spring, the number of sales organisation mid-level managers was reduced by a half, in the coming month, the nimbler of sales specialists in offices will be reduced.

ERGO Insurance SE is one of the leading Baltic States insurance groups and the only one that offers all types of insurance products. It has over 450,000 clients in the Baltic States. ERGO Insurance SE has 389 employees.

Read the full story on
Share |