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 64.9 - Other financial service activities, except insurance and pension funding
110 jobs Number of planned job losses
Announcement Date
27 June 2014
Employment effect (start)
27 June 2014
Foreseen end date
Description
Barclays announced plans to cut 110 jobs in France. This will reduce its French workforce to about 1,200 people after the restructuring and appears to be part of a process of retrenchment by the British bank which is cutting its presence in other European, non-British markets. The bank announced the job-reduction plan after the suspension of the previously announced restructuring measures in 2013.
Updated 2/1/2015: Barclay's 'plan social', originally approved in September 2014, has been rejected by the Paris 'tribunal administratif' on foot of irregularities in the procedures followed, notably as regards the estimated number of job losses. Nonetheless, headcount at Barclays France has declined by at least 100 since the company initiated its recent 'plans socials'.
Sources
27 June 2014: Les Echos
Citation
Eurofound (2014), Barclays France, Internal restructuring in France, factsheet number 77936, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77936.
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