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 65.1 - Insurance
170 jobs Number of planned job losses
Announcement Date
6 May 2013
Employment effect (start)
1 July 2013
Foreseen end date
31 December 2013
Description
In May 2013, the insurance subsidiary of the group Groupama, GAN prévoyance, has announced 170 jobs cuts by 2013. The management has started the information and consultation process and expects to open a voluntary departure plan in the second semester of 2013. It is the fifth social plan announced within the group as an aftermath of the economic and financial crisis from mid-2011.
For previous announced restructurings see Groupama2012, G2S2012. Altogether, the restructuring plans in the group during the previous three years affected approximately 800 employees. The social plans are decided in the context of a cost saving plan announced in 2012 to save 400 million euros by 2014.
Eurofound (2013), Gan Prévoyance, Internal restructuring in France, factsheet number 75354, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75354.
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