Allianz says to cut 300 German IT staff via buyouts


FRANKFURT (Reuters) - Allianz <ALVG.DE> 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.


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.


(Reporting by Alexander Huebner; writing by Edward Taylor; Editing by Georgina Prodhan)

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