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Generali Seguros, which manages the Tranquilidade, Açoreana and Logo brands, will proceed with a collective redundancy. Starting this Wednesday, the group will implement a plan that will be divided into two phases: a first of voluntary membership and a second of termination of employment relationships on the initiative of the company.
All employees of the insurer were sent information on the reduction of the team to which the Company had access.
“As everyone knows, we are implementing an organizational model based on a single business structure. The merger of companies results in a duplication of functions that must be addressed. The goal is, simultaneously with the management of this duplication, to adapt and downsize the company to meet the challenges of solidity, competitiveness and financial sustainability, preparing it to face current and future market conditions “, reads the signed note by executive commission.
In this sense, he continues, it was decided to “proceed with an optimization and downsizing plan”, divided into two phases. “The initial phase of this process will be based on a voluntary membership process open to all employees who wish to join freely, even if approved by the Company,” he says.
The voluntary membership period starts this Wednesday, November 4 and ends November 10, 2020. “All orders will be analyzed and employees will be contacted later with an indication of the next steps”, reads the note sent to employees.
There will then be a second phase that will pass through cemployment contracts on the initiative of the company, after analyzing the voluntary applications.
“The termination date of the employment contract for all covered employees may vary depending on what will be agreed with them or each employee’s respective length of service,” says the group’s executive committee.
However, there is no defined target for this reduction. As the company found, the expectation is that the number is “clearly less than 10% of the total number of workers”.
Contacted, the insurer’s official source confirms that this information has been sent to all employees, without further comment.
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