Les Mutuelles de Provence (MdP)

Type
Merger/Acquisition
Country
France
Region
Provence-Alpes-Côte d’Azur; Provence-Alpes-Côte d’Azur;
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
150 jobs
Number of planned job losses
Job loss
Announcement Date
14 December 2004
Employment effect (start)
Foreseen end date
31 December 2007

Description

Les Mutuelles de Provence (MdP), the network of mutual funds, has announced on 14 December 2004 a restructuring plan. 150 jobs are to be shed before end 2007. Following a €4 million losses in 2003, MdP has decided to reorganise its network through a €10 million investment plan. In 2002, Mdp had already closed 4 medical centres.

Sources

  • 14 December 2004: Les Echos

Citation

Eurofound (2004), Les Mutuelles de Provence (MdP), Merger/Acquisition in France, factsheet number 60923, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60923.