Employees
The number of employees at ERGO fell in 2006 by 917 to 28,310 as against the end of 2005, mainly due to structural changes in the Group companies. ERGO‘s sale of the IT service provider ADA alone resulted in a reduction of 1,100 employees in Germany. The acquisition of the Turkish Isviçre Group led to the addition of 478 employees outside Germany. On balance, owing to strong growth abroad, we are expanding personnel there. In Germany, the overall number of staff was cut by 1,688 as a result of natural wastage and socially acceptable measures, thus enabling us to avoid redundancies. In reinsurance, how‑ever, we recorded slight growth of 130.
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Human resources
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|
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2006
|
2005
|
2004
|
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Employees
|
Munich Re Group |
|
37,210 |
37,953 |
40,962 |
|
|
Munich Reinsurance Company |
|
6,928 |
6,798 |
6,612 |
|
|
Munich Re, Munich |
|
3,458 |
3,365 |
3,208 |
|
|
ERGO |
|
28,310 |
29,227 |
30,921 |
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Employees in training
|
Munich Re Group |
|
1,295 |
1,450 |
1,776 |
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Expenses for advanced training
|
Munich Re, Munich |
€m |
6.7 |
6.3 |
6.9 |
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Days of advanced training
|
Munich Re, Munich |
Participant days |
7,484 |
7,051 |
8,237 |
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Employee turnover (total)
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Munich Re, Munich |
% |
2.8 |
2.8 |
3.1 |
|
Employee absent due to sickness
|
Munich Re, Munich |
% |
3.0 |
3.2 |
3.1 |
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Proportion of female employees
|
Munich Re, Munich |
% |
47.0 |
47.0 |
46.0 |
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Foreign employees
|
Munich Re, Munich |
% |
8.0 |
8.5 |
8.7 |
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Part-time employees
|
Munich Re, Munich |
% |
14.0 |
13.0 |
12.4 |