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 Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
136 jobs Number of planned job losses
Announcement Date
11 February 2004
Employment effect (start)
Foreseen end date
Description
RCI Banque announced that 136 jobs would be suppressed during 2005. 2004 turnover was about €5 million less than the previous year as a result of a slowing down of the company's activity. The financial subsidiary of Renault decided that 2005 would be a ‘year of stability'. French Management wants to centralize its three sites of Lyon, Bordeaux and Paris despite the consequences on employment.
Sources
11 February 2005: Les Echos
Citation
Eurofound (2004), RCI Banque, Internal restructuring in France, factsheet number 61174, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61174.
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