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
119 jobs Number of planned job losses
Announcement Date
5 January 2012
Employment effect (start)
Foreseen end date
Description
French insurance group Aréas Assurances plans to cut 119 jobs (including 79 lay-offs) with the closure of three of its six regional branches. The management and the trade unions have so far not reached an agreement on departure conditions for the affected employees. According to the management the demands for compensation are too high.
The high court already suspended a previous job cut scheme at Aréas Assurances in November 2011. Unions plan to request another suspension for the current plan.
Sources
24 June 2011: L'Argus de l'Assurance
5 January 2012: L'Argus de l'Assurance
Citation
Eurofound (2012), Aréas Assurances, Internal restructuring in France, factsheet number 73330, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73330.
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