AGF

Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
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
510 jobs
Number of planned job losses
Job loss
Announcement Date
2 February 2005
Employment effect (start)
Foreseen end date

Description

The insurance company AGF announced on 2 February 2005 that 510 jobs would be suppressed. The company wants to lower its costs in reducing the personnel by 5% in 2005. Volontary resignations are expected (4% of the personnel) and an early retirement plan will be operated during 2005.

Sources

  • 4 February 2005: Les Echos

Citation

Eurofound (2005), AGF, Internal restructuring in France, factsheet number 61131, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61131.