Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

2,800 jobs
Number of planned job losses
Job loss
Announcement Date
12 March 2004
Employment effect (start)
1 January 2004
Foreseen end date
1 December 2007

Description

La Poste, the French postal services, wishes to streamline the organisation of its financial services. The reorganisation process will include the slimming of 2,800 jobs, mainly in back-office functions. Numerous retirements are foreseen until 2010, and a large number of them will not be replaced. 733 posts will already be suppressed in the course of this year.


Sources

  • 12 March 2004: Les Echos

Citation

Eurofound (2004), La Poste, Internal restructuring in France, factsheet number 59624, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59624.