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 64.11 - Central banking
2,500 jobs Number of planned job losses
Announcement Date
3 January 2012
Employment effect (start)
1 January 2012
Foreseen end date
31 December 2020
Description
On 3 January 2012, the French central bank, Banque de France, has announced to reduce its workforce by 2,500 until 2020. The bank will adopt the rules set for the public sector, recruiting only one replacement for every two retired employees. Until 2020, 5,000 employees will leave the Banque de France due to natural attrition, while the Bank will hire only 2,500 people in the same time period.
The bank's workforce has already been reduced by 2,000 employees over the the last 10 years.
Sources
3 January 2012: AFP
Citation
Eurofound (2012), Banque de France, Internal restructuring in France, factsheet number 72946, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72946.
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