The HDI Group under the Talanx umbrella has revealed it is simplifying its operational structures in Germany.
The firm said the streamlining is intended to “significantly” accelerate decisions on major issues for the future such as digitalisation or collaboration within the group. By making this move, the HDI Group added it is “boosting its momentum and market clout relative to its competitors”.
The number of employer companies belonging to the Talanx primary insurance group in Germany will be almost halved from the current 21. Similarly, the number of regional operations will be scaled back, without this resulting in site closures, staff cutbacks or redeployments.
This goes hand-in-hand with a reduction in the number of employee council bodies. In the spring of 2022 it is envisaged that the roughly 7,650 employees of the existing companies subject to collective bargaining agreements will be brought together in the new employer company “HDI AG”, which will also be bound by collective bargaining agreements.
Torsten Leue, CEO of Talanx AG, said: “It is absolutely essential to streamline our structures so that we, as a company, can respond dynamically to the requirements of an increasingly digitalised, complex and unsteady environment.
“We are becoming quicker, more flexible and hence also enjoy greater market clout than our competitors, and at the same time we are better positioned for our customers. The digital transformation of the HDI Group and our journey into the ‘New Normal’ are thus continuing to pick up pace.”
He added: “This step is also an important milestone as we enact our purpose ‘Together we take care of the unexpected and foster entrepreneurship’ – especially the ‘Together’. We are moving closer together as the HDI Group.”