Ergo will reduce about 200 jobs per year in Germany until the end of 2030. The insurer reached this agreement with employee representatives as part of an interest balance, the “Handelsblatt” reported in its Wednesday edition. Throughout that period, operational layoffs will be excluded. At present, Ergo employs roughly 17 000 people in Germany.
The company is confronting “complex challenges with a volatile market environment, demographic change, and technological upheavals driven by artificial intelligence” said CFO Lena Lindemann to the same newspaper. The intensified use of AI is expected to make some functions less necessary in the future.
The job cuts will come through natural attrition, part‑time retirements (Altersteilzeit) and severance programmes, with voluntarism remaining the central principle. “No one will be forced to leave against their will” Lindemann added. At the same time, Ergo plans to up‑skill staff for new roles. Approximately 500 reskilling positions have been earmarked, with around 260 already in place this year. “We want to unlock the efficiency potential of AI, while also enabling employees to work in other jobs for us” she said.
This savings initiative is part of the 2030 strategy of Ergo’s parent company, Munich Re. The group aims to cut total costs by €600 million by 2030. For the current year Munich Re is targeting a net profit of €6.3 billion-€300 million higher than the 2025 goal. Ergo is expected to contribute about €900 million to that result.
