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 64.11 - Central banking
600 jobs Number of planned job losses
Announcement Date
19 March 2021
Employment effect (start)
Foreseen end date
31 December 2023
Description
The management of the Banque de France announced to the unions its plan to cut about 600 positions – around 5% of its workforce – by 2024, in addition to the 135 job cuts already announced in January 2021.
Unions denounce a 'dogmatic' management of staffing levels, without taking a step back on the merits of the cuts or their consequences. The new redundancy plan was presented on 20 March and the Social and Economic Committee is due to give its opinion on 15 April. According to a CGT union delegate, the job cuts should be covered by retirements, thus avoiding the need for management to impose forced departures.
Eurofound (2021), Banque de France, Internal restructuring in France, factsheet number 104497, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/104497.
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