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
200 jobs Number of planned job losses
Announcement Date
20 February 2008
Employment effect (start)
1 January 2009
Foreseen end date
31 December 2011
Description
AGF, the French insurance company, announced that it is to close 4 sites in France - Reims, Grenoble, Nice and Montpellier - between 2009 and 2011. The 200 employees concerned will receive an offer for a new job within the company.
This competitiveness plan, in order to specialize the sites, also foresees a specific training for 2000 employees to adapt to new jobs. The group will spend 200 million euro to achieve this plan and will cover its remaining 15 sites in France of which 6 are situated in the Paris region.
Eurofound (2008), AGF, Closure in France, factsheet number 66328, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66328.
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