The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65.12 - Non-life insurance
48 jobs Number of planned job losses
Announcement Date
4 May 2022
Employment effect (start)
1 October 2022
Foreseen end date
31 December 2024
Description
The general management of the Union mutualiste de groupe (UMG), part of the Vyv group, has proposed a voluntary redundancy plan, within the framework of a collective agreed redundancy (‘rupture conventionnelle collective’), which would concern 10% of its workforce (about 48 employees).
Groupe VYV is France’s leading health and social protection mutual group. The group’s three divisions—Insurance, Care & Assistance, and Housing—develop comprehensive and personalised offerings to protect and care for all individuals throughout their lives.
Negotiations on the collective agreed redundancy with the trade unions will end in mid-July and the first departures are planned for the autumn. The collective agreed redundancy- a mechanism provided by the ordinance of 22 September 2017- allows an employment contract to be broken by mutual agreement between the employer and the employee. The mechanism must be validated by an agreement signed with the trade unions.
The redundancy decision is part of the UMG's organisational development project, in line with the priorities of the Vyv mutual group's 2025 strategic plan, announced at the beginning of January.
Eurofound (2022), Union mutualiste de groupe, Internal restructuring in France, factsheet number 106912, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106912.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
