RCI Banque

Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Lyon, Bordeaux, Paris
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
136 jobs
Number of planned job losses
Job loss
Announcement Date
11 February 2004
Employment effect (start)
Foreseen end date

Description

RCI Banque announced that 136 jobs would be suppressed during 2005. 2004 turnover was about €5 million less than the previous year as a result of a slowing down of the company's activity. The financial subsidiary of Renault decided that 2005 would be a ‘year of stability'. French Management wants to centralize its three sites of Lyon, Bordeaux and Paris despite the consequences on employment.

Sources

  • 11 February 2005: Les Echos

Citation

Eurofound (2004), RCI Banque, Internal restructuring in France, factsheet number 61174, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61174.