Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.11 - Central banking

135 jobs
Number of planned job losses
Job loss
Announcement Date
20 January 2021
Employment effect (start)
1 February 2021
Foreseen end date
30 June 2022


The management of the Banque de France announced to the unions, at a meeting, the abolition of 13 of its 37 regional branches by the second half of 2022. Together with the one already being closed, the total will be increased to 14. In total, 135 jobs could thus be lost. These branchesĀ are in charge of recycling and supplying banks and shops in France with banknotes. With the development of alternative means of payment to cash, such as cards, their usefulness is being questioned by the institution's management, which has already closed dozens of them. Twenty years ago, there were aroundĀ 200.

Two former restructuring were recorded in the ERM Database in 2012 with 2,500 job cuts and in 2003 with 2,300 job cuts.



Eurofound (2021), Banque de France, Internal restructuring in France, factsheet number 103181, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/103181.