Restructuring events
European Restructuring Monitor (ERM)
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.
The telecommunication Orange group will launch its new Orange Bank on 2nd November. This new service could eventually generate between 140 and 250 jobs in Amiens within a "service centre", out of a total of 300 new jobs to be shared with another site near Paris. Orange has announced high targets for its bank, with a projected recruitment of two million customers in ten years. The group also plans to invest €500 million over this period, with the aim of achieving profitability within five years of operations. In January 2017, Orange group has announced the recruitment of 120 employees in the region Nouvelle Aquitaine.
Eurofound (2017), Orange Bank, Business expansion in France, factsheet number 92228, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92228.