Restructuring events
European Restructuring Monitor (ERM)
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.
The French insurance group Axa has announced the elimination of around one hundred positions within its subsidiary Axa Group Operations (GO), the insurance giant's central structure in charge of technology. The aim of the reorganisation is to focus the subsidiary's missions on higher value-added services.
The departure plan was the subject of an agreement with the trade unions, signed on 17 October 2022. These measures, which aim to improve competitiveness, are taking place in a difficult social context marked by ongoing salary negotiations. A negotiation meeting is scheduled for 17 November, after the workplace elections within the group. In addition, a departure plan for just under 100 employees was signed in another Axa subsidiary, Axa Partners, last July.
This subsidiary employs about 8,000 worldwide.
Eurofound (2022), Axa Group Operations, Internal restructuring in France, factsheet number 107704, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107704.