Uniqa Insurance to close 1/3 of its locations in Austria and cut 600 jobs

Cristian Hatis 1 Min Read

As part of UNIQA Insurance Group AG new ”growth strategy”, it is necessary to close a third of the sites in Austria and cut 600 jobs, Heute reports.

Most of this job cuts are to be made in Austria, by 2022.

However, the reduction in staff should be ”to the greatest extent possible” through natural departures and consensual contractual solutions.

At EUR 213 million, pre-tax profit was maintained at the previous year’s level, with consolidated net income amounting to a whopping EUR 165 million. 

Even more, over the past nine years, the number of customers has doubled to 15 million, and the dividend per share increased for the seventh year in a row.

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