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 Activities Auxiliary To Financial Services And Insurance Activities Financial Fund Management 66.30 - Fund management activities
134 jobs Number of planned job losses
Announcement Date
20 October 2017
Employment effect (start)
1 January 2018
Foreseen end date
31 December 2018
Description
Amundi, Europes' largest asset manager by assets under management, has announced that it will cut 134 positions in France in the framework of the acquisition of the Italian company Pioneer Investments (July 2017) that belonged to UniCredit. The job cuts (6% of the workforce in France) will result in a voluntary departure plan currently negotiated with the trade unions. Following the acquisition of Pioneer Investments, Amundi employs 5,000 people worldwide. The company announced in December 2016 to expect a job reduction of 10% of the workforce worldwide due to the acquisition.
Sources
20 October 2017: Le Figaro
Citation
Eurofound (2017), Amundi, Merger/Acquisition in France, factsheet number 92374, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92374.
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