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 65.20 - Reinsurance
60 jobs Number of planned job losses
Announcement Date
19 July 2013
Employment effect (start)
1 August 2013
Foreseen end date
26 January 2015
Description
In July 2013, the reinsurance company Partner Re (400 employees) has announced a social plan to cut about 60 positions in Paris. It is the second social plan (130 job cuts) since 2009 after the decision to take over Paris Re. The group took its decision in the framework of a world-wide restructuring plan of about 140 job cuts (France, Canada, United States, Singapour, China). The aim is to save about 60 to 70 million dollars per year. The largest number of job cuts will happen in 2013 and the last one in 2015. Management said everything is made to avoid forced dismissals.
Sources
19 July 2013: Les Echos
Citation
Eurofound (2013), Partner Re, Internal restructuring in France, factsheet number 75697, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75697.
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