Home
 
Choose Your City
Change City

Allianz says to cut 300 German IT staff via buyouts

Reuters

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)