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
800 jobs Number of planned job creations
Announcement Date
26 March 2010
Employment effect (start)
29 March 2010
Foreseen end date
31 December 2010
Description
French retail banking group Crédit du Nord announced plans to create 800 permanent jobs by the end of 2010. 80% of these new posts are to be in client-facing roles with the other 20% to be created in marketing and IT.
Crédit du Nord's banks include Courtois, Kolb, Laydernier, Nuger, Rhône-Alpes, Tarneaud and Crédit du Nord. The group is a full subsidiary of Société Générale and specialises in dealing with professionals and small businesses.
Eurofound (2010), Crédit du Nord, Business expansion in France, factsheet number 70333, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70333.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
