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
150 - 200 jobs Number of planned job losses
Announcement Date
30 August 2006
Employment effect (start)
1 September 2006
Foreseen end date
1 September 2009
Description
Banque Populaire Loire et Lyonnais, a bank employing 1,000 people in the province of Rhône-Alpes, has announced to the trade unions its plans to cut between 15% and 20% of jobs before January 2009. The 150-200 job cuts (only pensioners) are part of an internal restructuring plan by which the bank has decided not to replace retiring employees for the next 3 years.
Sources
30 August 2006: Miroir syndical.com
Citation
Eurofound (2006), Banque Populaire Loire et Lyonnais, Internal restructuring in France, factsheet number 63977, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63977.
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