HR Restructuring of an asset management company in a corporate group
within the framework of a strategy program in the role of HR Program Manager / Head of the HR department
Company:
MEAG MUNICH ERGO AssetManagement GmbH
Branch:
- Financial Services
- Bank
- Insurance
- Asset Management
Turnover:
300 Mio €
Number of employees:
850 employees
Situation in the company:
Restructuring
Company headquarters:
Munich
Area of responsibility (budget / employees):
- Restructuring budget: on request
- 16 employees
Order:
- Personnel realignment of the company
- Adaptation of the organizational structure / employee capacities to the changed business model
- Culture transformation to service-oriented and sales-affine high-performance organization
Measures:
- Determination of personnel restructuring needs (parallel downsizing/upsizing) in cooperation with Management/Executives and Management Consultants
- Development of a reconciliation of interests / social plan and negotiation with employee bodies
- Implementation of staff reduction (staff talks) & ongoing controlling/reporting (FTE / costs)
- Definition and implementation of culture-changing measures for high-performance organization
- Continuous communication of the strategy program to managers and employees
Successes:
- Negotiation of reconciliation of interests/social plan within < 3 months in challenging corporate setting
- Identification of the necessary staff reduction and targeted reduction/replacement
Special challenge in the project:
- High transformation speed in the absence of previous restructuring experience (executives, HR staff, works council bodies)
- Communication under Covid conditions
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