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
150 jobs Number of planned job losses
Announcement Date
14 December 2004
Employment effect (start)
Foreseen end date
31 December 2007
Description
Les Mutuelles de Provence (MdP), the network of mutual funds, has announced on 14 December 2004 a restructuring plan. 150 jobs are to be shed before end 2007. Following a €4 million losses in 2003, MdP has decided to reorganise its network through a €10 million investment plan. In 2002, Mdp had already closed 4 medical centres.
Sources
14 December 2004: Les Echos
Citation
Eurofound (2004), Les Mutuelles de Provence (MdP), Merger/Acquisition in France, factsheet number 60923, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60923.
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