Filmmaker directed a film either complaisant or load50 Biffle has been up and down this yearFor one Gaborik missed all but 17 games last seasonHold onto him and hope he gets back on the field soon2 and at Loudon Kevin Harvick will be drivingJudge Chalfant denied their motion on a technicalityAbout Delta Neutral International Delta Neutral International Ltd We will see which goaltenders will stayIraq sits on an estimated 115 billion barrels of oil theworld's third largest reservesAbout Measurement Specialties Measurement Specialties IncFor several days, everyone expected the announcement of a social plan by Allianz Munich bancassureur. But practically person imagined is that it can focus on the removal of 7.480 jobs: 5,000 in insurance and 2.480 in Dresdner Bank, a subsidiary of the Group since 2001. Despite or euphoria football currently submerging the Germany, the announcement made yesterday morning in the Bavarian capital has not gone unnoticed. As the entourage of Michael Diekmann, Chairman of the group, did not hesitate to return to the detail and to specify the workstations that will be deleted the next 30 months.
The insurance group, which has currently 31,500 collaborators German, will remove 5,000 workstations in the fact of grouping under one roof of life insurance, damage and disease activity. "This restructuring, which should enable us to regain market share, could save us between 500 and 600 million euros," said Gerhard Rupprecht, the "boss" of Allianz Deutschland yesterday. Addition suppression of 3.300 workstations branch damage, 1,000 in life insurance and 700 in Medicare, the leadership of the Group announced the closure outright more than half of the 21 German agencies. Those who are not going to disappear sometimes see their greatly reduced workforce. It is thus for example that agency of Leipzig (Saxony, in the former GDR) does have more in the future than 840 persons, against slightly more than 1,400 at the present time.
Incomprehensible decision
All these measures is part of the restructuring undertaken by the Group last year, which should enable it to become an integrated European group term. Their cost is projected at EUR 500 million, of which 450 million this year.
Dresdner Bank, which joined the Allianz Group in 2001, is not spared by this vast savings programme and the restructuring plan. Always at end of 2008, the Frankfurt Institute should still see its numbers be reduced by 2.480 positions, 1,980 in Germany and 500 in its foreign subsidiaries. Over the past four years, this Bank has already "lost" 11,000 workstations.
Explanation of Herbert Walter, the President of the Bank which has 28,000 employees and considering a commercial offensive in the direction of SMEs: "We must make savings and achieve at least 12 of profitability on our own funds as of 2008." Consolation for the employees of Dresdner Bank: the announcement yesterday of a 3 increase in wages in September for the childcare employees of the German banking sector.
Captured by the budget debate and shaded by the good course of the national football team at the World Cup which takes place in Germany until 9 July, the German political class has not responded to the announcement of this social plan. However, the large Union Ver.di (2.4 million members in the public service and tertiary) immediately announced that he would not remain idle and that it stood ready to launch the first strikes of warning.
"The decision of Allianz is all the more condemnable and incomprehensible that this group has achieved a record net profit of EUR 4.4 billion last year," said Uwe Foullong, one of the leaders of Ver.di. Yesterday, the Allianz title progressed from 0.93 to 121,12 euros.
