Internal restructuring
île de France; Paris;
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
65.12 - Non-life insurance

48 jobs
Number of planned job losses
Job loss
Announcement Date
4 May 2022
Employment effect (start)
1 October 2022
Foreseen end date
31 December 2024


The general management of the Union mutualiste de groupe (UMG), part of the Vyv group, has proposed a voluntary redundancy plan, within the framework of a collective agreed redundancy (‘rupture conventionnelle collective’), which would concern 10% of its workforce (about 48 employees).

Groupe VYV is France’s leading health and social protection mutual group. The group’s three divisions—Insurance, Care & Assistance, and Housing—develop comprehensive and personalised offerings to protect and care for all individuals throughout their lives. 

Negotiations on the collective agreed redundancy with the trade unions will end in mid-July and the first departures are planned for the autumn. The collective agreed redundancy- a mechanism provided by the ordinance of 22 September 2017- allows an employment contract to be broken by mutual agreement between the employer and the employee. The mechanism must be validated by an agreement signed with the trade unions.

The redundancy decision is part of the UMG's organisational development project, in line with the priorities of the Vyv mutual group's 2025 strategic plan, announced at the beginning of January.



Eurofound (2022), Union mutualiste de groupe, Internal restructuring in France, factsheet number 106912, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106912.