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
274 jobs Number of planned job losses
Announcement Date
14 April 2023
Employment effect (start)
1 August 2023
Foreseen end date
1 January 2025
Description
The management of Aesio, the Aéma group's mutual health insurer, has announced to cut 387 jobs, not renewing some 200 fixed-term contracts, and offering geographical mobilities to 444 employees, as part of a reorganisation aimed at breaking even by 2025. As employees could refuse geographical mobilities, the number of job cuts could reach a total of 831. Aésio, which was formed from the merger of several regional mutuals in 2021, needs to transform itself to restore its competitiveness. The job cuts will involve both voluntary departures and redundancies. The mutual will also be reducing its number of offices, keeping 12 administrative sites instead of the current 44. In total, these measures should save more than €90 million, or 20% of the €460 million in annual operating costs. The reorganisation should be agreed with the trade unions in January 2024 and the plan will start at the first quarter 2024.
Update 20/12/2023
All of Aésio Mutuelle's representative trade unions have come to an agreement and have signed the company agreement defining the outlines of the job protection plan (PSE). Aésio is preparing to cut 274 jobs instead of the initial 387.
Eurofound (2023), Aesio, Internal restructuring in France, factsheet number 109161, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/109161.
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