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 Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66.2 - Activities auxiliary to insurance and pension funding
100 jobs Number of planned job losses
Announcement Date
17 October 2022
Employment effect (start)
1 November 2022
Foreseen end date
Description
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.
Eurofound (2022), Axa Group Operations, Internal restructuring in France, factsheet number 107704, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107704.
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