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 - Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
7,000 jobs Number of planned job creations
Announcement Date
4 June 2024
Employment effect (start)
4 June 2024
Foreseen end date
1 January 2025
Description
The Axa Group, a French provider of insurance and financial services, plans to recruit 7,000 new employees in France, with half of these positions being offered as permanent contracts. The group is focusing on strengthening its networks of general representatives, commercial employees, and independent profiles in the pension and wealth sectors as part of its broader strategy to expand its business operations.
In 2023, Axa's workforce in France totaled 23,465 employees.
Previous internal restructurings have been recorded in the ERM database, including 100 job cuts in 2022 Axa 2022 - FR, and 160 job cuts in 2018 Axa 2018 - FR. In 2006, Axa also transferred 1,500 jobs to Morocco Axa 2006 - FR.
Conversely, business expansions were also documented, such as the hiring of 2,000 new employees in 2022 Axa 2022 - FR, and 100 new hires in 2007 Axa 2018 - FR.
Eurofound (2024), Axa France, Business expansion in France, factsheet number 201772, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201772.
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